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ournalize the following merchandise transactions. The company uses the perpetual inventory system. a. Sold merchandise on account, $12,100, with terms n/30. The cost of the

ournalize the following merchandise transactions. The company uses the perpetual inventory system. a. Sold merchandise on account, $12,100, with terms n/30. The cost of the merchandise sold was $7,865. If an amount box does not require an entry, leave it blank. b. Received payment. If an amount box does not require an entry, leave it blank

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