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? Requlred Information [ The following information applies to the questions displayed below. ] Piere Imports uses the perpetual system in accounting for merchandise inventory
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The following information applies to the questions displayed below.
Piere Imports uses the perpetual system in accounting for merchandise inventory and had the following transactions during the month of October.
October Purchased merchandise at a $ price $ net invoice dated October terms
October Returned $ $ net of merchandise purchased on October and debited its accounts payable for that amount.
October Purchased merchandise at a $ price $ net invoice dated October terms
October Paid for the merchandise purchased on October less the discount.
October paid for the merchandise purchased on October
b Prepare entries to record the above transactions assuming that Piere Imports records invoices at net amounts.
Answer is not complete.
tableNoDate,General Journal,Debit,CreditOctober Merchandise inventory,Accounts payable,
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