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pls help woth these journals entries!! OS 4.5 (Algo) Recording purchases, returns, and discounts taken LO P1 Prepare joumal entries to record each of the
pls help woth these journals entries!!
OS 4.5 (Algo) Recording purchases, returns, and discounts taken LO P1 Prepare joumal entries to record each of the following transactions of a merchendising compary The compary uses a perpetual inventory system and the pross method. Noveeber $ Purchased 900 units of prodoct at a cost of $10 per unit. Terns of the sale are 4/10, n/60: the Lovaice is dated Novenber 5 . Noveaber 7 geturned 35 defective units froe the Novenber 5 purchase and received fult credit, Novenber 15 Paid the ahount due fros the Novesber 5 purchase, ainus the return on Novecber 7 . Journal entry worksheet Punchused 900 units of product at a cost of $10 per unit. Terms of the sule are 4/10, N60; the involice is dated November 5 Step by Step Solution
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