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please help make these journal entries!! QS 4-8 (Algo) Recording purchases and returns; no discounts LO P1 Prepare joumal entries to record each of the
please help make these journal entries!!
QS 4-8 (Algo) Recording purchases and returns; no discounts LO P1 Prepare joumal entries to record each of the following transactions. The company records purchases using the gross method and a perpetual inventory system. May 1 Purchased serchandise with a price of $1,180 and credit terms of n/30. May 7 Returned merchandise that had a price of $29e. May 31 Paid the anount due fron the May 1 purchase, ainus the May 7 return. Journal entry worksheet Purchased merchandise with a price of $1,180 and credit terms of n30. Moten Enter debita before credits Step by Step Solution
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