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Rasheed Runner recently opened Rasheed's Skate Shop. As the bookkeeper of the company, use the perpetual method to journalize, record, and post when appropriate the

Rasheed Runner recently opened Rasheed's Skate Shop. As the bookkeeper of the company, use the perpetual method to journalize, record, and post when appropriate the following transactions (account numbers are Store Supplies 115; Merchandise Inventory 120; Store Equipment 130; Accounts Payable 210). View the May 202X transactions. Journalize the transactions. (Record debits first, then credits. Exclude explanations from journal entries.) May 4: Bought $900 of merchandise on account from Wallace Co., invoice no. 442, dated May 5; terms 7/10, n/30. Date May 4 Account Titles Debit Credit
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Rasheed Runner recently opened Rasheed's Skate Shop. As the bookkeeper of the company, use the perpetual method to journalize, record, and post when appropriate the following transactions (account numbers are Store Supplies 115; Merchandise Inventory 120, Store Equipment 130; Accounts Payable 210) View the May 202X transactions Journalize the transactions (Record debits first, then credits. Exclude explanations from joumal entries) May 4: Bought $900 of merchandise on account from Wallace Co., invoice no. 442, dated May 5; terms 7/10, r30. Date May 4 Account Titles Debit Credit

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