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OBJ.2 PR 6-1A Purchase-related transactions using perpetual inventory system The following selected transactions were completed by Capers Company during October of the current year: Oct.
OBJ.2 PR 6-1A Purchase-related transactions using perpetual inventory system The following selected transactions were completed by Capers Company during October of the current year: Oct. 1. Purchased merchandise from UK Imports Co., $14,448, terms FOB destination, n/30. 3. Purchased merchandise from Hoagie Co., $9,950, terms FOB shipping point 2/10, n/eom. Prepaid freight of $220 was added to the invoice 4. Purchased merchandise from Taco Co., $13,650, terms FOB destination, 2/10, n/30. 6. Issued debit memo to Taco Co. for $4,550 of merchandise returned from purchase on October 4
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