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Parker company uses the gross method to account for purchase discounts and the periodic inventory system.
november 7: purchased goods from thompson company on account, exist17,000, terms 1/10, n/30.
november 13: returned merchandise to thompson company that was previously purchased on account, $2,400.
november 15: paid the amount due to thompson company.
required:
journalize jackson company's transactions on november 7, november 13, and november 15.
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