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! Required information Part 1 of 2 0 . 8 3 points eBook References [ The following information applies to the questions displayed below. ]

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[The following information applies to the questions displayed below.]
Autumn Company began the month of October with inventory of $24,000. The following inventory transactions occurred during the month:
a. The company purchased inventory on account for $35,500 on October 12. Terms of the purchase were 110,n30. Autumn uses the net method to record purchases. The inventory was shipped f.o.b. shipping point and freight charges of $590 were paid in cash.
b. On October 31, Autumn paid for the inventory purchased on October 12.
c. During October inventory costing $19,350 was sold on account for $29,800.
d. It was determined that inventory on hand at the end of October cost $40,385.
Required:
Assuming Autumn Company uses a perpetual inventory system, prepare journal entries for the above transactions.
Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field.
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