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Reid Supply uses the Perpetual Inventory Method. During September, the following transactions and events occurred. Please write the journal entries for Reid Supply Sept.4 Reid
Reid Supply uses the Perpetual Inventory Method. During September, the following transactions and events occurred. Please write the journal entries for Reid Supply Sept.4 Reid Supply purchased 70 backpacks at $25 each from Hunter, terms 2/10, 1/30. The JE for Sept 4 is a debit to the account and a credit to the account for the dollar amount of Sept.6 Reid Supply received credit of $150 which was the price paid for the purchase return of 6 backpacks purchased on Sept. 4. The JE for Sept 6 is a debit to the account and a credit to the account for a dollar amount of Please do not use "s" or commas in your answers. Account titles to select from include: Please type the account title EXACTLY AS IT APPEARS. cash accounts receivable Inventory supplies
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