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The perpetual inventory system and the direct method

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Using the information provided in RE9-4, prepare the journal entries to record the reductions to market for Paul Corporation, assuming that it uses the allowance method instead of the direct method.In RE9-4, Paul Corporation reports the following inventory information: 

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Assuming Paul Corporation uses the perpetual inventory system and the direct method prepare the journal entries to record the reductions tomarket.

Reference no: EM13872934

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