ournalize the following transactions that occurred in September 2018 for PurpleHaze, assuming the perpetual inventory system is
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Question:
ournalize the following transactions that occurred in September 2018 for PurpleHaze, assuming the perpetual inventory system is being used. No explanations are needed. Identify each accounts payable and accounts receivable with the vendor or customer name. PurpleHaze estimates sales returns at the end of each month. (Record debitsfirst, then credits. Exclude explanations from journal entries. Assume the company records sales at the netamount.)
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Sep. 3: Purchased merchandise inventory on account from Sidecki Wholesalers, $4,500. Terms 2/15, n/EOM, FOB shipping point.
Date
Accounts
Debit
Credit
Sep. 3
Posted Date: