Journalize the transactions for miller company

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Question 1: Journalize the transactions for Miller Company. Assume a perpetual inventory system. Also, assume a constant gross profit ratio for all items sold. Make sure to enter the day for each separate transaction.

Point 1: September 10 Sold goods costing $4,800 to Sanders Company for cash, $8,000.

Point 2: September 16 Sanders Company returned undamaged merchandise, purchased on September 10, for a cash refund, $630.

Reference no: EM132473787

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