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Record the following transactions for the month of May, 2014 in Als general journac: 12 May: Al Company purchased merchandise on account from a supplier

Record the following transactions for the month of May, 2014 in Als general journac: 12 May: Al Company purchased merchandise on account from a supplier for 586,000 with terms of 2/10, n/30. 13 May; Ali Company returned some merchandise for $6,000. 15 May: Ali Company paid the amount due to the supplier. Note: Ali uses a periodic inventory system

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