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View Policies Current Attempt in Progress Prepare the journal entries to record the following purchase...

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Accounting

View Policies
Current Attempt in Progress
Prepare the journal entries to record the following purchase transactions in Sarasota Inc's books. Sarasota uses a perpetual inventory
system. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent
manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Record journal entries in the order
presented in the problem.)
Jan. 2 Sarasota purchased goods for $38,700 from Fundy Corp, terms n45, FOB destination.
5 The appropriate company paid freight costs of $780.
6 Sarasota returned $5,160 of the goods purchased on January 2, because they were not needed.
Feb. 11 Sarasota paid the balance owed to Fundy.
eTextbook and Media
List of Accounts
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