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solve Journalize each of the following transactions assuming a perpetual inventory system. May 1 Purchased ( $ 1,200 ) of merchandise inventory; terms 1/10, n/30.

solve Journalize each of the following transactions assuming a perpetual inventory system. May 1 Purchased \\( \\$ 1,200 \\) of merchandise inventory; terms 1/10, n/30. 14 Paid for the May 1 purchase. 15 Pu 2 answers

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