Refer to the following merchandising transactions for Scout Systems. Nov. 1 Scout Systems...
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Accounting
Refer to the following merchandising transactions for Scout Systems.
Nov. Scout Systems purchases merchandise for $ on credit with terms of
Scout Systems pays for the previous purchase.
Scout Systems receives payment for returned defective merchandise of $ that was purchased on November
Scout Systems pays $ to transport merchandise to its store.
Scout Systems sells merchandise for $ on account. The cost of the merchandise was $
A customer returns merchandise from the November transaction. The returned item sold for $ and cost $ The item will be returned to inventory.
a Journalize the above transactions for Scout Systems assuming a periodic system. If no entry is required for a transactionevent select No journal entry required" in the first account field.
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