Question: need help with 1-3 7. Smart Electronics and Supply has the following transactions in July related to the purchase of merchandise inventory (i) (Click the

need help with 1-3

7. Smart Electronics and Supply has the following transactions in July related to the purchase of merchandise inventory (i) (Click the icon to view the transactions.) Joumaize the purchase transactions for Smart Electronics and Supply assuming the company uses the perpetual inventory system. (Record debits first, then credts. Select the explanation on the last line of the journal entry table) Jul. 1: Purchase of $24,000 worth of computers on account, term of 1/10,n/45, from Batic Computers More info

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