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Prepare the necessary journal entries on the books of Blazer Company to record the following transactions, assuming a perpetual inventory system (you may omit explanations):

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Prepare the necessary journal entries on the books of Blazer Company to record the following transactions, assuming a perpetual inventory system (you may omit explanations): (a) Blazer purchased $45,000 of merchandise on account, terms 2/10, n/30. (b) Returned $3,000 of damaged merchandise for credit. (c) Paid for the merchandise purchased within 10 days

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