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N, Company uses a perpetual inventory system. During May, the following transactions and events occurred. May13Sold 6 motors at a cost of $44 each to
N, Company uses a perpetual inventory system. During May, the following transactions and events occurred.
May13Sold 6 motors at a cost of $44 each to Slater Brothers Supply Company, terms 1/10, n/30. The motors cost of N. Co. $25 each.
May16One defective motor was returned to N.
May16purchased 20 motors , cost per unit 35 on account
May 23Received payment in full from Slater Brothers.
Required
Journalize the May transactions for N Company
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