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The following transactions took place at Extreme Bikers. Indicate the general ledger account credited to record each transaction. Transactions 1. Purchased merchandise for $1,500 the
The following transactions took place at Extreme Bikers. Indicate the general ledger account credited to record each transaction. Transactions 1. Purchased merchandise for $1,500 the terms are 2/10, 1/30 2. Returned damaged merchandise to a supplier and received a credit memorandum for $300 3. Issued a check for $800 to a supplier as a payment on account Purchased merchandise for $2.400 plus a freight charge of $260, the supplier's invoice is payable 4 in 30 days 5. Received an allowance for merchandise that was damaged but can be sold at a reduced price, the supplier's credit memorandum is for $400 6. Purchased merchandise for $4 200 in cash Indicate the general ledger account numbers that would be debited and Debit Credit edit memorandum for $300. the supplier's invoice is payable an be sold at a reduced price; the
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