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Journalize above entries for YBM Corp

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Question - YBM Company completed the following transactions in June of 2018

June 1 Purchased Supplies on Account, $740

June 3 Purchased inventory on account from Dino Corp., $5,000, terms, 3/15, 1/30

June 7 Sold goods for cash, $2,000 (Cost $1,100)

June 10 Found $200 worth of inventory purchased on June 3 to be damaged. Returned the inventory

June 13 Sold goods on account to Fred Co., $1,000, terms 2/10, n/30. (Cost $550)

June 16 Paid for Inventory purchased on June 3 minus the return and the discount.

June 20 Fred Co. was given an allowance of $150 for damaged merchandise from sale of June 13.

June 22 Received payment in full from Fred Co.

June 24 Purchased Inventory on account from Wilma Co., $4,200 plus freight charges of $300.

June 28 Returned defective merchandise of $325 from purchase of June 24.

Required - Journalize above entries for YBM Corp.

Reference no: EM132601053

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