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Prepare the journal entries or adjusting journal entries to record the following separate transactions. A. On March 1, Riley purchases $3,000 of inventory on

Prepare the journal entries or adjusting journal entries to record the following separate transactions. A. On March 1, Riley purchases $3,000 of inventory on credit. B. On April 30th, Riley sells the inventory purchased above for $5,000 in cash Edit Format Table 12pt Paragraph v B I V B

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