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Make journal entry to record each of preceding transaction

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Reference no: EM132497945

Evenflow had the following transactions for October:

October 6:Purchased 300 units of inventory at $8 per unit. The seller offered credit terms of 2/10, n/30.

October 8:Returned 25 defective units and received full credit.

October 10:Paid the amount in full, less the returned items.

Question 1: Prepare journal entries to record each of the preceding transactions. Assume a perpetual inventory system.

Reference no: EM132497945

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