Prepare the journal entries to record the following purchase transactions in Jarek Company's books. Jarek uses a

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Prepare the journal entries to record the following purchase transactions in Jarek Company's books. Jarek uses a perpetual inventory system.
Mar. 12 Jarek purchased $25,000 of merchandise from Dalibor Company, terms 2/10, n/30, FOB destination.
13 The correct company paid freight costs of $265.
14 Jarek returned $2,000 of the merchandise purchased on March 12 because it was damaged.
21 Jarek paid the balance owing to Dalibor.
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Accounting Principles Part 1

ISBN: 978-1118306789

6th Canadian edition

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Kinnear, Joan E. Barlow

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