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Matt Company uses the Perpetual Inventory System and had the following transactions during the month of November: November. 6 Purchased $6,500 of Merchandise Inventory with
Matt Company uses the Perpetual Inventory System and had the following transactions during the month of November:
November. 6 Purchased $6,500 of Merchandise Inventory with terms, 2/10, n/30
November. 8 Returned $500 worth of Merchandise and received full credit
November. 15 Paid the amount due on the invoice of November 6
Required: Prepare the journal entries for each of these 3 transactions
GENERAL JOURNAL
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