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[The following information applies to the questions displayed below] Tree Seedings has the following current-year purchases and sales for its only product. Record journal entries

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[The following information applies to the questions displayed below] Tree Seedings has the following current-year purchases and sales for its only product. Record journal entries for Tree Seedings' sales and purchases transactions. Assume for this assignment that the company uses a perpetual inventory system and LIFO. All sales and purchases are made on account, and no discounts are offered

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