Question: 4. What are the primary differences between and perpetual and periodic inventory system and what advantages does the latter offer? 6.How does the income measurement

4. What are the primary differences between and perpetual and periodic inventory system and what advantages does the latter offer?

6.How does the income measurement process differ from a service business?

8. A credit sale is made July 10 for $900, term 1/15, net 30. On July 12, the purchaser returns $100. Prepare the JE on July 19 when the customer pays.

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