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please help Accounting for Sales of Merchandise in a Perpetual Inventory System Journ alize each of the following transactions on the books of the Seller

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Accounting for Sales of Merchandise in a Perpetual Inventory System Journ alize each of the following transactions on the books of the Seller Company: Seller sells $1,000 of merchandise to the Buyer on July 11. The terms of the sale are 2/10, n/30. The merchandise cost the seller $700. Date Account Titles Debit Credit On July 12, the Buyer returns $200 of the merchandise for credit. On July 16, the Seller receives the full amount owed by Buyer who takes advantage of the available cash discount. Instead of transaction #4 above, assume that the seller does not receive payment until July 23, after the discount period has expired

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