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Business, 09.07.2019 20:10 sierraowens04

Nov. 5 purchased 1,200 units of product at a cost of $10 per unit. terms of the sale are 4/10, n/60; the invoice is dated november 5.
nov. 7 returned 35 defective units from the november 5 purchase and received full credit.
nov. 15 paid the amount due from the november 5 purchase, less the return on november 7.
prepare the journal entries to record each of the above purchases transactions of a merchandising company. assume a perpetual inventory system.

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Nov. 5 purchased 1,200 units of product at a cost of $10 per unit. terms of the sale are 4/10, n/60;...
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