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Prepare the journal entries to record the transactions

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Question - During September 2021, the following transactions and events occurred for Juliet Mike Charlie Ltd, who uses a perpetual inventory system and is registered for GST.

Date

Transaction

3/9/2021

Purchased $3,630 of inventory; terms 2/10, n/60.

6/9/2021

Returned $880 of the inventory purchased on September 3.

12/9/2021

Paid for the goods purchased on September 3.

13/9/2021

Sold goods on credit for $5,170; terms 5/10, n/30. Cost of Inventory was $1,800.

Required - Prepare the journal entries to record the transactions.

Reference no: EM133100847

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