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Business, 25.01.2020 00:31 mairxaromo

Kate company uses a perpetual inventory system.
record the journal entries for the following transactions:

a. on july 16, kate sold $1,200 of merchandise with terms of 2/10, n/30. the cost of the merchandise was $720.
b. on july 19, the customer returned $200 of the merchandise from (a). the cost of the merchandise was $120.
c. on july 22, the customer paid the entire balance due to kate.

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Kate company uses a perpetual inventory system.
record the journal entries for the following...

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