Raechelrae04
Raechelrae04
31.10.2019 • 
Business

Nov. 5 purchased 600 units of product at a cost of $10 per unit. terms of the sale are 2/10, n/60; the invoice is dated november 5.nov. 7 returned 25 defective units from the november 5 purchase and received full credit.nov. 15 paid the amount due from the november 5 purchase, less the return on november 7. prepare the journal entries to record each of the above purchases transactions of a merchandising company. assume a perpetual inventory system.

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