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Please use the attached paper for the names. Don't put the business name only the terms. Thank you The followings are the merchandise transactions happened
Please use the attached paper for the names. Don't put the business name only the terms. Thank you
The followings are the merchandise transactions happened under perpetual inventory system: 1) Nov1 Business sold $6350 inventory to Mac Inc., the cost is $1290. Terms 2/5,n/15 FOB 2) Nov1 Business purchased $4,350 of inventory from Cpc Inc. Terms 3/10, n/20 FOB 3) Nov2 Business paid delviery $375 for the inventory sales to Mac Inc. 4) Nov3 Business purchased $3310 of inventory from Galaxy Inc. paid in cash 5) Nov4, Business issued a debit memo to Cpc Inc. and returned defective $325 inventory back to Cpc Inc. 6) Nov6 Business Received Mac Inc's money. 7) Nov9 business sold inventory $3740 (cost $1,350 ) to PSP's Ltd, Terms: 1/5, n/10, FOB 8) Nov11 Business paid the Cpc Inc. in full. 9) Nov30 Received PSP's Ltd money in full Please make entries for the above transactions. If there is any calculation related entry, please also show the detailed calculations. Total Assotsefotal Lisbilities * Total Oanir's Equity Step by Step Solution
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