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Perez Jewelerz completed the following transactions in june 2019. They use perpetual inventory system. Prepare journal entries for the transactions June 2 --- Perez purchases

Perez Jewelerz completed the following transactions in june 2019. They use perpetual inventory system. Prepare journal entries for the transactions

June 2 --- Perez purchases merchandise for 39,000 on account. The terms were FOB shipping Point 2/10 n45

June 4 perez returned 5000 of defective merchandise from the june 2nd purchase

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