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Prepare the appropriate journal entry for each transaction

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Question - Rite Shoes was involved in the transactions described below.

Purchased $10,100 of inventory on account.

Paid weekly salaries, $1,110.

Recorded sales for the first week: Cash: $9,000; On account: $7,200.

Paid for inventory purchased in event (1).

Placed an order for $8,100 of inventory.

Required - Prepare the appropriate journal entry for each transaction?

Reference no: EM132860765

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