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Points: 0 of 3 7. Boston Electronics and Supply has the following transactions in July related to the purchase of merchandise inventory (Click the icon
Points: 0 of 3 7. Boston Electronics and Supply has the following transactions in July related to the purchase of merchandise inventory (Click the icon to view the transactions) Journalize the purchase transactions for Boston Electronics and Supply assuming the company uses the perpetual inventory system (Record debts first, then credits. Select the explanation on the last line of the joumal entry latin) Jul 1: Purchase of $26,000 worth of computers on account, term of 3/10, n/60, from Compute CD Date Jul 1 Accounts and Explanation Dabit Credit Merchandise Inventory Accounts Payable-Bimore C More info July 1 Purchased vectory on account Purchase of $28.000 worth of computers on account, term of 3/10, 60, from Bimore Computers July 3 Return of $5,000 of the computers to Biltmore Computers Jul. 3 Return of $5.000 of the computers to Bitmo July 9 Payment made on account to Biltmore Computers Date Accounts and Expl Jul. 3. Accounts Payable-Bitmore Com Merchandise Inventory Print Done Cash Returned inventory to seller (vend
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