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Business, 05.05.2020 03:40 sadieismichaeljackso

Smiley Office Supply company uses the Perpetual Inventory System and had the following transactions during the month of October:

Oct. 6 Purchased $7,600 of Merchandise Inventory with terms, 2/10, n/30
Oct. 8 Returned $500 worth of Merchandise and received full credit
Oct. 15 Paid the amount due on the invoice of Oct 6

Required: Prepare the journal entries for each of these 3 transactions

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