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Regina Retail Company buys and sells merchandise for resale. The following are various transactions that happened during the month of July 2 0 2 3
Regina Retail Company buys and sells merchandise for resale. The following are various transactions that happened during the month of July Provide all necessary journal entries to record the transactions, rounding all earlypayment discount amounts to the nearest dollar. Show your calculations. Marks
tableJultableRegina Retail Company purchased $ in merchandise from supplier WVSEnterprises Terms JulThe company paid the amount owing on their account with WVS Enterprises.JulOn the July purchase, the company returned $ of defective merchandise.JultableSold $ in goods to customer Saskatchewan Ltd on account,terms The merchandise had a cost of $Jultable Saskatchewan Ltd returned $ of merchandise sold to them onJul for a full credit on account. The merchandise is resellable, and had acost of $JultableRegina Retail Company received full payment for the July order sold to Saskatchewan Ltd
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