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Business, 06.11.2019 00:31 sabel1234

On july 1, alvarez, inc. purchased merchandise for $10,800 with terms of 2/10, n/30. on july 5, the firm returned $1,500 of the merchandise to the seller. payment of the account occurred on july 8. alvarez uses the perpetual inventory system. required a. prepare the journal entries for july 1, july 5, and july 8.

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On july 1, alvarez, inc. purchased merchandise for $10,800 with terms of 2/10, n/30. on july 5, the...
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