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Journal entries on the books of Tri-State Carpet Company

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Journal entries on the books of Tri-State Carpet Company Prepare the necessary journal entries on the books of Tri-State Carpet Company to record the following transactions, assuming a perpetual inventory system (you may omit explanations): (a) Tri-State purchased $40,000 of merchandise on account, terms 2/10, n/30. (b) Returned $4,000 of damaged merchandise for credit. (c) Paid for the merchandise purchased within 10 days. Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help

Journal entries on the books of Tri-State Carpet Company

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