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[ The following information applies to the questions displayed below. ] Autumn Company began the month of October with inventory of $ 2 2 ,

[The following information applies to the questions displayed below.]
Autumn Company began the month of October with inventory of $22,000. The following inventory transactions occurred during the month:
The company purchased inventory on account for $32,500 on October 12. Terms of the purchase were 210/
, n30/
. Autumn uses the net method to record purchases. The inventory was shipped f.o.b. shipping point and freight charges of $570 were paid in cash.
On October 31, Autumn paid for the inventory purchased on October 12.
During October inventory costing $19,050 was sold on account for $29,400.
It was determined that inventory on hand at the end of October cost $35,370.
Required:
1. Assuming Autumn Company uses a perpetual inventory system, prepare journal entries for the above transactions.
Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field.

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