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In: Accounting

July 1 Purchase of $26,500 worth of computers on account, term of 2/10, n/60, from Border...

July 1

Purchase of $26,500 worth of computers on account, term of 2/10, n/60, from Border Computers.

July 3

Return of $5,000 of the computers to Border Computers.

July 9

Payment made on account to Border Computers.

Journalize the purchase transactions for Best Buy Electronics and Supply assuming the company uses the perpetual inventory system. Using the statements above.

Solutions

Expert Solution

ekkarill92 answered 2 years ago
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