Question: Assuming a perpetual inventory systems. Please help me with providing proper journal entries for the following transactions Elevate Inc. had the following transactions for October:

Assuming a perpetual inventory systems. Please help me with providing proper journal entries for the following transactions Elevate Inc. had the following transactions for October: Oct 6 Purchased 800 units of inventory at $8 each. The seller offered credit terms of 2/10, n30. Oct 8 Returned 25 defective units and received full credit. Oct 10 Paid the amount in full

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