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Pierre's World is a retailer which sells esoteric items. Pierre's World uses a perpetual inventory system. Journalize the following transactions using the net method: Sept

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Pierre's World is a retailer which sells esoteric items. Pierre's World uses a perpetual inventory system. Journalize the following transactions using the net method: Sept 5, Pierre's World purchases inventory from Sam's Island for $15,500 with terms 1/10, 1/30. Sept 6, Pierre's World pays UPS S125.00 for freight in on the Sept 5 order. Sept. Pierre's World receives a credit memo from Sam's Island for $375.00 for damaged merchandise. Sep 15, Pierre's World pays Sam's Istand the balance due. General Journal Description Date Debit Credit st

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