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Brahma Supply Company uses a periodic inventory system. During September, the following transactions and events occurred.
Sept. 4 Purchased 70 backpacks at $50 each from South Slope Company, terms 2/10, n/30.
Sept. 6 Received credit of $300 for the return of 6 backpacks purchased on Sept. 3 that were defective.
Sept. 9 Sold 15 backpacks for $84 each to Outdoor Sports, terms 2/10, n/30.
Sept. 13 Paid South Slope Company in full.
Journalize the September transactions for Brahma Supply Company. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)
Answers: 3
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Brahma Supply Company uses a periodic inventory system. During September, the following transactions...
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