Reference no: EM131714966
Question - Doha Enterprises uses the perpetual system to record inventory transactions. In a recent month, Doha engaged in the following transactions.
1. On April 1, Doha purchased merchandise on credit for $25,150 with terms 2/10, n/30.
2. On April 2, Doha purchased merchandise on credit for $28,200 with terms 3/15, n/25.
3. On April 9, Doha paid for the purchase made on April 1.
4. On April 25, Doha paid for the merchandise purchased on April 2.
Required: Prepare journal entries for these four transactions. For a compound transaction, if those boxes in which no entry is required, leave the box blank.
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