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Record the following step transactions in the general journal 1. May 1. Paid rent for May, $5,000. 2. May 2. Sold merchandise on account to

Record the following step transactions in the general journal 1. May 1. Paid rent for May, $5,000. 2. May 2. Sold merchandise on account to Korman Co., terms, n/15, FOB shipping point, $68,50...

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