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Please answer the following parts to the question Required information [The following information applies to the questions displayed below.] Company A has the following transactions
Please answer the following parts to the question
Required information [The following information applies to the questions displayed below.] Company A has the following transactions during July. July 5 Purchases 60 LCD televisions on account from Company B for $3,500 each, terms 1/10, n/30. July 8 Returns to Company B five televisions that had defective sound. July 13 Pays the full amount due to Company B. July 28 Sells remaining 55 televisions from July 5 for $4,000 each on account. Record period-end adjustment. Note: Enter debits before credits. Date General Journal Debit Credit July 31 210,000 Purchases Purchase Returns Purchase Discounts Cost of Goods Sold
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