Missy Corporation purchased inventory costing S110,000 and sold 70% of the goods to $157,000. Al...
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Accounting
Missy Corporation purchased inventory costing S110,000 and sold 70% of the goods to $157,000. Al purchases and sales were on account Missister collected 20% of the accounts receivable. Assume that sales returns are nonexistent Read the women 1. Journalize these transactions for Missy, which uses the perpetual inventory system Journalize the purchase of inventory (Record debits first, then credits Exclude explanations from any journal entries) Journal Accounts Debit Credit
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