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The following transactions were selected from among those completed by Bear's Retail Store: Novenber 20...

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Accounting

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The following transactions were selected from among those completed by Bear's Retail Store: Novenber 20 Sold two itens of merchandise to Cheryl Jahn, who paid the $500 sates price in cash. The goods cost Bear's $350. Novenber 25 Sold 20 items of merchandise to Vasko Athletics at a selling price of $4,200 (total); terns 3/10, n/30. The goods cost Bear's $2,600. November 28 Sold 10 identical itens of merchandise to Nancy's Gym at a selling price of $7,000 (total); terms 3/10, n/30. The goods cost Bear's $4,050. Novenber 29 Nancy's Gyin returned one of the items purchased on the 28 th. The iten was in perfect condition and credit was given to the customer on account. No further returns are expected. December 6 Nancy's Gyn paid the account balance in futl. Decenber 30 Vasko Athletics paid in full for the invoice of Novenber 25. Required: Prepare journal entries to record the transactions, assuming Bear's Retail Store records discounts using the gross method in a perpetual inventory system. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)

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