Question: Prepare general journals using perpetual inventory system for the following: May 6 Purchased $1,600 of merchandise on credit from Publishers, term 2/10 n/30 May 7
Prepare general journals using perpetual inventory system for the following:
May 6
Purchased $1,600 of merchandise on credit from Publishers, term 2/10 n/30
May 7
Paid freight charges for $90 on the items purchased May 6th
May 10
Returned $100 of the items purchased May 6th
May 14
Paid for the merchandise purchased on May 6th
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