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Question 1: Dawkins Company engaged in the following transactions. Oct. 1 2 6 9 11 Sold merchandise to Ernie Devlin on credit,terms n/30, $1,050 (cost

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Question 1: Dawkins Company engaged in the following transactions. Oct. 1 2 6 9 11 Sold merchandise to Ernie Devlin on credit,terms n/30, $1,050 (cost $630). Purchased merchandise on credit from Ruland Company, terms n/30, $1,900. Purchased store supplies on credit from Arizin Supply House, terms n/30, $318. Purchased merchandise on credit from LNP Company,terms n/30, $1,800. Accepted from Ernie Devlin a return of merchandise, which was returned to inventory, $150 (cost, $90). Returned for credit $300 of merchandise received on October 2. Returned for credit $100 of store supplies purchased on October 6. Sold merchandise for cash,$500 (cost, $300). Paid Ruland Company for purchase of October 2 less return of October 14. Received full payment from Ernie Devlin for his October 1 purchase, less return on October 11. 14 15 16 22 23 Prepare entries in journal form to record the transactions, assuming the periodic inventory system is used

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