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Business, 14.07.2020 21:01 thanks5640

On June 5, a company purchases 280 units of inventory on account for $28 each. After closer examination, the company determines 30 units are defective and returns them to its supplier for full credit on June 9. All remaining inventory is sold on account on June 16 for $51 each. Required:Record transactions for the purchase, return, and sale of inventory assuming the company uses a perpetual inventory system.

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On June 5, a company purchases 280 units of inventory on account for $28 each. After closer examinat...

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