Marine Life, LLC is a retailer who purchases its inventory from a manufacturer. During the...
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Marine Life, LLC is a retailer who purchases its inventory from a manufacturer. During the month of April, the company had the following transactions: On April 1, 2021, purchased 50,000 wetsuits at $60 per wetsuit on account On April 25, 2021, the company paid for the invoice associated with the 50,000 wetsuits purchase on April 1, 2021. The company sold 40,000 wetsuits at $110 each. All sales were in cash. Record all entries associated with the sale of wetsuits. Record the transactions to the April 2021 activity. (12 points) General Journal Debit Credit
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