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please solve Some of the transactions of Nash Company during August are listed below. Nash uses the periodic inventory method. August 10 Purchased merchandise on
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Some of the transactions of Nash Company during August are listed below. Nash uses the periodic inventory method. August 10 Purchased merchandise on account, $11,200, terms 2/10,n/30. 13 Returned part of the purchase of August 10,51,100, and recelved credit on account. 15 Purchased merchandise on account, $15,300, terms 1/10,r/60, 25 Purchased merchandise on account, $19,000, terms 2/10,n/30. 28 Paid invoice of August 15 in full. Assuming that purchases are recorded at net amdunts and that discounts lost are treated as financlal expenses: Prepare general journal entries to enter the transactions. (ll no entry is required, select "No entry" for the occount titles and enter O for the amounts. Credit account titles are cutomatically indented when amount is entered, Do not indent manually. List all debit entries before creditentries) Step by Step Solution
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