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The inventory of Charley Company was destroyed by fire on April 1. From an examination of the accounting records, the following data for the first

The inventory of Charley Company was destroyed by fire on April 1. From an examination of the accounting records, the following data for the first three months of the year are obtained: Sales Revenue $185,000 Sales Returns and Allowances 5,000 Purchases 110,000 Freight-In 3,500 Purchase Returns and Allowances 4,000

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