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need answer for question SE5-3 only. Accounting for Purchase Transactions Debra Company began operations on June 1. The following transactions took place in June: a.

need answer for question SE5-3 only. image text in transcribed
Accounting for Purchase Transactions Debra Company began operations on June 1. The following transactions took place in June: a. Purchases of merchandise on account were $600,000. b. The cost of freight to receive the inventory was $20,000. This was paid in cash. c. Debra returned $10,000 of the merchandise due to an ordering error. Debra received a full credi SE5-2. for the return. Debra paid the remaining balance for the merchandise. d. Calculate the dollar amount that Debra will have in in uses the perpetual inventory system and there were no sales. ventory at the end of the month. Assume l Debra SE5-3. Accounting for Purchase Transactions Use the data from SES-2 and prepare the journal entries i record the June transactions. Purchase Discounts Ken Company purchased $5.000 of merchandise from Mant Di SES-4. Accounting for Marilyn Company with terms of 3/10 n/45. What percent discount will K

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