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Fast2F Fast2F
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6 years ago
Joe owns an auto parts store called Joe's Auto Care. The following transactions took place during July of the current year.

July 8   Purchased merchandise on account from Wheeler Auto for $6,000
July 10   Paid freight charges of $400 on merchandise purchases on the 8th.
July 12   Sold merchandise on account to Lancaster Auto Sales for $5,500.
   The cost of the merchandise was $3,500
July 16   Received a credit memo from Wheeler for merchandise returned, $900
July 22   Issued a credit memo to Lancaster Auto Sales for merchandise returned, $1,000.
   The cost of the merchandise is $550.

Journalize the above transactions using the perpetual inventory system.
Textbook 
College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
Author:
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keytwokeytwo
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Fast2F Author
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#2
6 years ago
I wish I would have known about this service with my other classes.
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#3
4 years ago
good
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