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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 Sept. 15

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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 Sept. 15 Purchased merchandise with an invoice price of $60,000 and credit terms of 4/5, 1/15. Sept. 29 Pald supplier the amount owed on the September 15 purchase View transaction list Journal entry worksheet Purchased merchandise with an invoice price of $60,000 and credit terms of 4/5, 1/15 Note: Enter debits before credits General Journal Debit Credit Date Sept 15 Record entry Clear entry Vw general journal

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