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How can journal entries be prepared for the statements

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Reference no: EM132489942

Question 1: How can journal entries be prepared for these statements.

Inventory, January 1, 2018         (500)                  $2,500

Sale, January 10                      (400)                   7,200

Purchase, January 12                (600)                     3,600

Sale, January 17                       (300)                     5,400

Purchase, January 26                 (160)                   1,280

Reference no: EM132489942

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