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Required information [ The following information applies to the questions displayed below. ] Tree Seedlings has the following current - year purchases and sales for
Required information
The following information applies to the questions displayed below.
Tree Seedlings has the following currentyear purchases and sales for its only product.
Record journal entries for Tree Seedlings' sales and purchases transactions. Assume for this assignment that the company uses a
perpetual inventory system and LIFO. All sales and purchases are made on account, and no discounts are offered.
Journal entry worksheet
Note: Enter debits before credits.
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