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Travis Company purchased merchandise on account from a supplier for $5,700, terms 2/10, net 30. Travis returned S1,100 of the merchandise and received full credit.

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Travis Company purchased merchandise on account from a supplier for $5,700, terms 2/10, net 30. Travis returned S1,100 of the merchandise and received full credit. Travis Company paid for the merchandise within the discount period. . Under a perpetual inventory system, record all of the journal entries required for the above transactions

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