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Please explain how to journalize the entrys Inventory HW.xlsx Home Insert X cut Paste Format c Formulas Data Review L View [Read- s only] .00

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Please explain how to journalize the entrys

Inventory HW.xlsx Home Insert X cut Paste Format c Formulas Data Review L View [Read- s only] .00 e Search Sheet Draw Page Layout Calibri (Body) 11 $4) Wrap Text Merge & Center o Number Credit Credit x, Delete Conditional Formatting Format as Table w __I Cell Styles Insert z Format AB AutoSum Fill v Clear AD z Sort & Filter M AC Share Find & Select AG H15 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 x AH 9/5 9/6 9/10 9/17 Mark Retail Inc. sells on account, merchandises to Eva Beauty Supplies, valued at $17, Mark Retail Inc. had purchased those merchandises for $10,500. FOB Shippint Point, for $1,200, was paid by cash by the responsible party. 800. Credit terms were3/10, n/30. Eva Beauty Supplies returned $5,000 worth of merchandises to Mark Retail Inc. Mark Retail Inc. had purchased those merchandises for $1,900. Eva Beauty Supplies settle (paid) the account with Mark Retails. Perpectual Inventory Systems in Buyer's Books Account Name 9/5 Inventory Accounts Payable Inventory Cash Accounts Payble Inventory Accounts Payable Inventory Cash er ectual Invento Systems in Seller's Books Account Name nfit Margin = Grnqq P Debit Debit Credit Credit Periodic Inventory Systems in Buyer's Books Account Name 9/5 eriodic Invento Systems in Seller's Books Account Name 9/5 Debit Debit c Ready Accessibility: Investigate

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