For each of the following transactions of Buckeye Corporation, prepare the appropriate journal entry. (All...
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Accounting
For each of the following transactions of Buckeye Corporation, prepare the appropriate journal entry. (All purchases on credit are made with terms of 1/10, n/30, and Buckeye uses the periodic system of inventory.)
| July Transactions: | ||
| July | 3 | Purchased merchandise on credit from Wildcat Corp. for $2,000. |
| 12 | Paid amount owed to Wildcat Corp. | |
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