Question: Matlock Company uses a perpetual inventory system. Its beginning inventory consists of 50 units that cost $34 each. During June, (1) The company purchased 150

Matlock Company uses a perpetual inventory system. Its beginning inventory consists of 50 units that cost $34 each. During June,
(1) The company purchased 150 units at $34 each for credit,
(2) Returned 6 units, and
(3) Sold 125 units at $50 each on credit.
Journalize the June transactions.

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