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Business, 29.02.2020 01:28 dimondqueen511

Information related to Kerber Co. is presented below.1. On April 5, purchased merchandise from Wilkes Company for $23,000, terms 2/10, net/30, FOB shipping point.2. On April 6, paid freight costs of $900 on merchandise purchased from Wilkes.3. On April 7, purchased equipment on account for $26,000.4. On April 8, returned damaged merchandise to Wilkes Company and was granted a $3,000 credit for returned merchandise.5. On April 15, paid the amount due to Wilkes Company in full. Prepare the journal entries to record these transactions on the books of Kerber Co. under a perpetual inventory system.

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Information related to Kerber Co. is presented below.1. On April 5, purchased merchandise from Wilke...
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