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Prepare the required journal entries for each transaction of Medieval Castles, Inc. using the perpetual inventory method. a. June 3 Purchased 250 play castles at

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Prepare the required journal entries for each transaction of Medieval Castles, Inc. using the perpetual inventory method. a. June 3 Purchased 250 play castles at a cost of $25 each on account with terms of 1/10, n/30. b. June 4 Paid $100 shipping costs from June 3 purchase c. June 5 Sold 45 castles on account to Geneviere Blaylock for $50 each with terms 3/15, n/45. The castles had an original cost to Medieval Castles of $25 each. d. June 6 The wrong castles were sent to Geneviere Blaylock (the customer from June 5th). We agreed to give her an allowance of $100 for the error as she decided to keep them. e. June 13 Paid cash for June 3 purchase less the discount. f June 15 Geneviere Blayl allowance and discount. g. June 20 Sold 20 castles to Joan Are for $50 each in cash. The castles had an original cost to Medieval Castles of $25 each. h. June 25 Purchased 75 castles at a cost of $25 each on account with terms n/30 Date Description Debit Credit Jun 3 Jun 4 Jun 5

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