Question: Exercise 5 - 8 Recording purchases, purchases returns, and purchases allowances P 1 Refer to B Exercise 5 - 6 and prepare journal entries for

Exercise 5-8 Recording purchases, purchases returns, and purchases allowances P1
Refer to B Exercise 5-6 and prepare journal entries for Macy Co. to record each of the May transactions. Macy is a retailer that uses the
gross method and a perpetual inventory system; it purchases these units for resale.
Exercise 5-8 Recording purchases, purchases returns, and purchases allowances P1 Refer

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