Journal entries for truffles company

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Reference no: EM13155612

Truffles Company purchased merchandise on account from a supplier for $6,500, terms 2/10, net 30. Truffles returned $1,500 of the merchandise and received full credit. Truffles Company paid for the merchandise within the discount period.

Under a perpetual inventory system, record all of the journal entries required for the above transactions

Reference no: EM13155612

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Journal entries for truffles company : Truffles Company purchased merchandise on account from a supplier for $6,500, terms 2/10, net 30. Truffles returned $1,500 of the merchandise and received full credit. Truffles Company paid for the merchandise within the discount period.

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