I am having trouble with the perpetual and periodic inventory system. Travis Company purchased...
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Accounting
I am having trouble with the perpetual and periodic inventory system.
Travis Company purchased merchandise on account from a supplier for $7,300, terms 2/10, net 30. Travis Company paid for the merchandise within the discount period.
Under a perpetual inventory system, record the journal entries required for the above transactions.
Can someone please help me with the math for this problem.
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