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Show Attempt History Current Attempt in Progress Some of the transactions of Bramble Company during August are listed below. Bramble uses the periodic inventory method.
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Some of the transactions of Bramble Company during August are listed below. Bramble uses the periodic inventory method.
August Purchased merchandise on account, $ terms
Returned part of the purchase of August $ and received credit on accc
Purchased merchandise on account, $ terms
Purchased merchandise on account, $ terms
Paid invoice of August in full.
a
Your answer is correct.
Assuming that purchases are recorded at gross amounts and that discounts are recorded when taken:
Prepare general journal entries to record the transactions. If no entry is required, select No
Assuming that purchases are recorded at net amounts and that discounts lost are treated as financial expenses:
Prepare the adjusting entry necessary on August if financial statements are to be prepared at that time. If no entry is required, select No entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. List debit entry before credit entry.
Date Account Titles and Explanation
Debit
Aug.
eTextbook and Media
List of Accounts
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