Journalize the following transactions (the company is using a perpetual system). 1. On June 1, ABC...

 

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Journalize the following transactions (the company is using a perpetual system). 1. On June 1, ABC Co.Purchased 50 T-shirts at $5 each from Neon Textile Co, credit terms 2/10, n/30. (On Account) DATE ACCOUNT TITLES June 1 DATE ACCOUNT TITLES June 4 + 2. On June 4, ABC Co. returned 5 T-Shirt to Neon Textile CO.. The T-shirts didn't meet the specifications. June 9 ♦ ♦ DEBIT CREDIT $ 3. On June 9, ABC CO. Paid Neon Textile Co in Full. DATE ACCOUNT TITLES $ DEBIT CREDIT $ $ ◆ ♦ ◆ DEBIT S CREDIT $ $ Journalize the following transactions (the company is using a perpetual system). 1. On June 1, ABC Co.Purchased 50 T-shirts at $5 each from Neon Textile Co, credit terms 2/10, n/30. (On Account) DATE ACCOUNT TITLES June 1 DATE ACCOUNT TITLES June 4 + 2. On June 4, ABC Co. returned 5 T-Shirt to Neon Textile CO.. The T-shirts didn't meet the specifications. June 9 ♦ ♦ DEBIT CREDIT $ 3. On June 9, ABC CO. Paid Neon Textile Co in Full. DATE ACCOUNT TITLES $ DEBIT CREDIT $ $ ◆ ♦ ◆ DEBIT S CREDIT $ $

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Solution 1 Purchase AC debit 250 Neon textiles co ... View the full answer