Question: Moving to another question will save this response Question 13 of 17 Question 13 Prepare journal entries to record the following transactions for a retail

 Moving to another question will save this response Question 13 of

Moving to another question will save this response Question 13 of 17 Question 13 Prepare journal entries to record the following transactions for a retail store. Assume a perpetual inventory system is used March 1: Purchased merchandise from Alpha Company under the following terms: $6,500 price, invoice dated March 1, credit terms of 2/10, 1/60, and FOB shipping point (1 marks) March 2: Returned to Alpha Company unacceptable merchandise that had an invoice price of $500 (1 % marks) March 10: Sent a check to Alpha Company for the March 1 purchase, net of the discount and the returned merchandise. (1 mark) March 15: Sold merchandise for $4,000, granting the customer terms of 2/10, EOM, invoice dated March 15. The cost of the merchandise is $2,400. (2 marks) For the toolbar, press ALT 10 (PC or ALT FNF10 Mac Pangrah Arial 14px A MO

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