Solution-Journalize Stylon entry to record the purchase

Journalize Stylon entry to record the purchase

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Reference no: EM132714072

Question - Purchase-Related Transactions - Stylon Co., a women's clothing store, purchased $28,000 of merchandise from a supplier on account, terms FOB destination, 2/10, n/30 using the net method under a perpetual inventory system. Stylon returned merchandise with an invoice amount of $4,200, receiving a credit memo.

Required - Journalize Stylon's entry to record the purchase. If an amount box does not require an entry, leave it blank.

Reference no: EM132714072

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Journalize Stylon entry to record the purchase

Reference no: EM132714072

Reference no: EM132714072

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