Question: Question 1 [20 points] Record the journal entries for the following transactions of Treadwell if the company uses a) Perpetual Jpventory System and b) Periodic
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Question 1 [20 points] Record the journal entries for the following transactions of Treadwell if the company uses a) Perpetual Jpventory System and b) Periodic Inventory System. a. April 1: Treadwell purchased merchandise from Beamer Co. for $8,000 under credit terms of 2/15,n/30. b. April 11: Treadwell paid Beamer Co. the balance due. Enter the transaction letter as the description when entering the transactions in the journal. Dates must be entered in the format dd/mmm (i.e., January 15would be 15/Jan ) a) Perpetual Inventory System b) Periodic Inventory System
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