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Leftys Inc. records purchase discounts lost and uses perpetual inventories. Prepare journal entries in general...

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Accounting

Leftys Inc. records purchase discounts lost and uses perpetual inventories. Prepare journal entries in general form for the following:
a. Purchased merchandise costinh $7,500 with terms 2/10, n/30. Recoes the net purchase.
b. $500 worth of unsatisfactory merchandise was returned to the seller.
c. payment was made 25 days after the purchase

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