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Urgent Journalize each of the following transactions assuming a perpefual inventory system. Feb. 1501d merchandise with a cost of $2,400 for $3,900; teres 2/20, n/30,
Urgent
Journalize each of the following transactions assuming a perpefual inventory system. Feb. 1501d merchandise with a cost of $2,400 for $3,900; teres 2/20, n/30, fos destination, 2. Paid 5315 to ship the merchandise sold on February 1. 3. The custemen of February 1 returned half of the amount purchased because it was the incorrect product; it was returned to inventory. 4 Sold eerchandise to a custoner for $3,090 (cost of sales $1,480 ); terms 2/10,n/30, foo destination. 11 collected the amount ouing fron the custoner of february 1, 23. Sold merchandise to a custoeer for cash of $1,120 (cost of sales $640 ). 28 The custonen of February 4 palid the asount owing. Journal entry worksheet Record sale of merchandise for $3,900; terms 2/10,n/30, FOB destination. Notet Erter debis before crehts Step by Step Solution
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