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Question 11 (7 points) Mo's Motors had the following purchase transactions in December: Dec. 4: Purchased $12,900 of merchandise on account from Engine Central, terms

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Question 11 (7 points) Mo's Motors had the following purchase transactions in December: Dec. 4: Purchased $12,900 of merchandise on account from Engine Central, terms 4/15, net 30. Dec. 7: Mo returned $1,400 of merchandise because he changed his mind and wanted to order a different type of engine. Dec. 16: Mo paid the balance owing to Engine Central. Required: Prepare the journal entries to record the purchase transactions on the books of Mo's Motors using a perpetual inventory system. Format Date Account Dr ($) Cr ($) > E x 1. estion 12 (11 points)

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