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July 23, 2014

Homework Help: college

Posted by Ronnie on Wednesday, December 30, 2009 at 10:32am.

I need help to journalize these transactions for accounting. Samantha purchased inventory costing 125,000 and sold 70% of the goods for 162,500 all purchases and sales were on account She later collected 25% of the accounts receivable

Which is the perpetual inventory system inventory, revenues and expenses on financial statements, report gross profits on the appropriate statement.

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