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Journalize the May transactions for N Company

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Question - N, Company uses a perpetual inventory system. During May, the following transactions and events occurred.

May 13 Sold 6 motors at a cost of $44 each to Slater Brothers Supply Company, terms 1/10, n/30. The motors cost of N. Co. $25 each.

May 16 One defective motor was returned to N.

May 16 purchased 20 motors , cost per unit 35 on account

May 23 Received payment in full from Slater Brothers.

Required - Journalize the May transactions for N Company?

Reference no: EM132545857

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