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prepare the necessary journal entries to record the following transactionns, assuming Eustance Company uses a perpetual inventory system. (a) Eustance sells $4500 of merchandise cost

prepare the necessary journal entries to record the following transactionns, assuming Eustance Company uses a perpetual inventory system. (a) Eustance sells $4500 of merchandise cost $3000. (B) The customer in a returned 4000 of merchandise returned cost 2400. (C) Eustace received the balance due within the discount period.

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