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Some of the transactions of Oriole Company during August are listed below. Oriole uses the periodic inventory method. August 10 (a1) 13 15 25 28
Some of the transactions of Oriole Company during August are listed below. Oriole uses the periodic inventory method. August 10 (a1) 13 15 25 28 Purchased merchandise on account, $9,600, terms 2/10, n/30. Returned part of the purchase of August 10, $1,100, and received credit on account. Purchased merchandise on account, $13,500, terms 1/10, n/60. Purchased merchandise on account, $16,900, terms 2/10, n/30. Paid invoice of August 15 in full. Assuming that purchases are recorded at gross amounts and that discounts are to be recorded when taken: Prepare general journal entries to record the transactions. (If no entry is required, select "No entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. List all debit entries before credit entries.)
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