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Journalize the following transactions for Reed Company. Assume a perpetual inventory system. Also, assume a constant gross profit ratio for all items sold. Make sure to enter the day for each separate transaction. April 6 Sold goods costing $3,000 to Bennett Company for cash, $5,000.April 12 Bennett Company returned undamaged merchandise, purchased on April 6, for a cash refund, $630.
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Journalize the following transactions for Reed Company. Assume a perpetual inventory system. Also, a...
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