Journalize the following purchase transactions for Main Street Office Supplies using the periodic inventory system....
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Journalize the following purchase transactions for Main Street Office Supplies using the periodic inventory system. Explanations are not required. 12-May Main Street buys $167,500 worth of merchandise inventory on accoun with credit terms of 2/10,n/30. 16-May Main Street returns $18,600 of the merchandise to the vendor due to damage during shipment. 21-May Main Street pays the amount due
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