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Trimble Company began business on July 1. They use the perpetual inventory method. The following transactions involving purchases, sales, cash disbursements, and cash receipts occurred

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Trimble Company began business on July 1. They use the perpetual inventory method. The following transactions involving purchases, sales, cash disbursements, and cash receipts occurred during July 3 5 July 1 Purchased $25,000 of merchandise inventory on credit from the Fort City Company, terins 2/10, 1/30. Invoice dated June 28. 2 Sold merchandise for $6.700 on credit to Three Rivers Co., terms 2/10, 1/30. Invoice no. 1455, Cost of merchandise sold is $3,600. 2 Sold merchandise for $6.700 on credit to Milwaukee Co., terms 2/10, 1/30. Tavoice no. 1456. Cost of merchandise sold is $1.800. Returned merchandise costing $1,000 to Fort City Company from the July 1 purchase. Purchased $12.000 of merchandise inventory on credit from the Phoenix Compaty, terms 2/10, 1/30. Invoice dated July 2. 7 Sold merchandise for $590 for cash to the Madison Co. Invoice no. 1457. Cost of the merchandise sold is $300. Purchased $3,000 of office supplies for cash from Gleason Co. Check no. 1267. 10 Borrowed $10,000 from Lake City Bank on a long-term note payable. 11 Purchased $36.000 of office equipment on credit from Office Minder, terms 1/60. Invoice dated July 3. 12 Received the amount due from the Milwaukee Co from the sale on July 2 15 Sold merchandise for $7.200 on credit to the Pare Co., terms 2/10, 1/30. Invoice no. 1458. Cost of the merchandise sold is $4,000 16 Received the amount due from the Three Rivers Co. from the sale on July 2. 17 Accepted merchandise returned by Pare Co. from the July 15 sale. Issued a credit memorandum for $1.500. Cost of goods returned is $835. 18 Paid the amount due for the merchandise purchased from Fort City Company. Check no. 1268. 24 Purchased $14.500 of merchandise inventory for cash from the Shilling Co. Check no. 1269. 28 Sold merchandise on credit for 5950 to the Manitowok Co., terms 2/10, n/30. Invoice no. 1459. Cost of the merchandise sold is $500 Required Use the purchases journal, sales journal, cash disbursements journal.cash receipts journal , and the general journal provided to record these transactions

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