Record the following transactions in a general journal: May 4


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Record the following transactions in a general journal: May 4 1 answer below ยป Record the following transactions in a general journal: May 4 Merchandise listed at $2,900, less a trade discount of 10%, is purchased on account, credit terms of 1/10, n/30, shipping terms FOB destination. 8 Merchandise purchased on May 4, listed at $520, is returned for credit. 14 Partial payment is made for the merchandise purchased on May 4, listed at $1,000, less 1% discount. June 3 Payment is made of the balance due on the May 4 purchase. Oct 11 2013 07:03 AM

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