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Prepare the appropriate journal entries for each of the transactions for Your Company. ROUND ALL ANSWERS TO 2 DECIMAL PLACES. Points Available: 1 2 a
Prepare the appropriate journal entries for each of the transactions for Your Company. ROUND ALL
ANSWERS TO DECIMAL PLACES. Points Available:
a Purchased inventory items for $ each with terms N and FOB Destination. Points Earned:
DEBIT CREDIT
b Sold inventory items to ABC Company for $ each with terms N and FOB Shipping Point.
DEBIT CREDIT
c ABC Company paid the amount due from the sale in transaction B with a discount.
DEBIT CREDIT
d Your Company paid for the purchase in transaction a taking the early payment discount.
DEBIT CREDIT
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