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Prepare journal entries to record each of the following transactions. The company records purchases using the gross method and a perpetual inventory system. Aug. 1
Prepare journal entries to record each of the following transactions. The company records purchases using the gross method and a perpetual inventory system. Aug. 1 Purchased merchandise with an invoice price of $66,000 and credit terms of 4/10, n/30. Aug. 11 Paid supplier the amount owed from the August 1 purchase. View transaction list View journal entry worksheet x No Date General Journal Debit Credit
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