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Prepare separate entries for each transaction for Monty Company. The merchandise purchased by Novak on June $10$ cost Monty $$5,400,$ and the goods returned cost Monty $$254.($List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. Record journal entries in the order presented in the problem.$)$

Date

Account Titles and Explanation

Debit

Credit

Accounts Receivable

$($To record credit sale$)$

$210$

Inventory

$254$

$($To record cost of merchandise sold$)$

$11*$