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Journalize Moore Companys transactions on July

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Reference no: EM132539392

Question - Moore Company uses the gross method to account for purchase discounts and the periodic inventory system.

July 5 Purchased goods from Nelson Company on account, $22,000, terms 4/10, n/30.

July 11 Returned merchandise to Nelson Company that was previously purchased on account, $1,200.

July 13 Paid the amount due to Nelson Company.

Required - Journalize Moore Company's transactions on July 5, July 11, and July 13.

Reference no: EM132539392

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