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Moore Company uses thegross methodto account for purchase discounts and theperiodic inventory system. July5 Purchased goods from Nelson Companyon account, $22,000, terms 4/10, n/30. July11
Moore Company uses thegross methodto account for purchase discounts and theperiodic inventory system.
July5 Purchased goods from Nelson Companyon account, $22,000, terms 4/10, n/30.
July11 Returned merchandise to Nelson Company that was previously purchased on account, $1,200.
July13 Paid the amount due to Nelson Company.
Required:
Journalize Moore Company's transactions on July 5, July 11, and July 13.
Date________ Account Title________ Debit________Credit_________
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