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A Merchandiser, Following the Perpetual Inventory System, Has the Following

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A merchandiser, following the perpetual inventory system, has the following transactions during August, 2015: A merchandiser, following the perpetual inventory system, has the following transactions during August, 2015:   Credit terms of invoice are 2/15, n/45. Give journal entries for the above transactions. Credit terms of invoice are 2/15, n/45. Give journal entries for the above transactions.

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