Journal entries to record the transactionsassuming the

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Journal entries to record the transactions

Assuming the Perpetual Inventory System is used, complete journal entries for the following transactions as directed.

On 3/15, Janet's Spa purchased 90 plush robes from Randy's Spa Supplies. Randy's charged Janet's Spa $15,750 for the robes. The shipment was delivered FOB Shipping. The freight bill was for $270. Randy paid the shipper and included the amount in Janet's invoice. Credit terms offered by Randy's were 1/10, n/30. Prepare the entry for Janet's Spa, for this purchase.

Reference no: EM13356209

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