Alanis Morrissette Company uses a perpetual inventory system. Its beginning inventory consists of 50 units that cost

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Alanis Morrissette Company uses a perpetual inventory system. Its beginning inventory consists of 50 units that cost $30 each. During June, the company purchased 150 units at $30 each, returned 6 units for credit, and sold 125 units at $50 each. Journalize the June transactions.

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Intermediate Accounting principles and analysis

ISBN: 978-0471737933

2nd Edition

Authors: Terry d. Warfield, jerry j. weygandt, Donald e. kieso

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