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sulda
Apr 28, 2009, 08:55 AM
The company uses the perpetual inventory method, record the following events in the general journal.

1) JAN 3. Purchase , of merchandise inventory from a supplier, Kelly Distributors, Inc. the terms of the purchase: 2/, n/ and FOB shipping point.
2) Jan 11 paid the amount due on account to Kelly Distributors for merchandise purchased on Jan 3.
morgaine300
Apr 29, 2009, 12:05 AM
Please see the guidelines for posting homework problems:
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