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Please give examples of TWO transactions: (please use business as scenario) 1. Purchase of Merchandise Inventory; 2. Sales of Merchandise Inventory (Remember, this transaction include
Please give examples of TWO transactions: (please use business as scenario)
1. Purchase of Merchandise Inventory;
2. Sales of Merchandise Inventory (Remember, this transaction include two journals).
Journals only, no ledgers needed for these two transactions. However, your scenario needs to make sense. For example, if you purchase the merchandise inventory for $10, you don't want to sell it for $5.
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