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On June 15, 2020, Red Buckle Inc. purchased merchandise for resale for $14,400 on credit terms 2/10, n/30. On June 20, Red Buckle paid for
On June 15, 2020, Red Buckle Inc. purchased merchandise for resale for $14,400 on credit terms 2/10, n/30. On June 20, Red Buckle paid for the merchandise. Record the entry on June 15 and the entry on June 20 using the perpetual inventory system and the gross method for recording discounts. Note: List multiple debits or credits (when applicable) in alphabetical order. Account Name Dr. Cr. Date a. June 15, 2020 0 0 0 b. June 20, 2020 0 0 0 0 0 0
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