CP 52 Reber Corp. uses the perpetual inventory system. Its transactions during July 2019 are...
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CP 52 Reber Corp. uses the perpetual inventory system. Its transactions during July 2019 are as follows: July 6 Purchased $600 of merchandise on account (for credit) from Hobson Corporation for terms 1/10, net 30 9 Returned $200 of defective merchandise 15 Paid the amount owing to Hobson. Required: Prepare journal entries to record the above transactions. Include general ledger account numbers and brief descriptions.
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