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Pass journal entries using the perpetual system of inventory-
Purchased 1000 units of shoes from Indiana International at $300 each on account
Sold 200 units to Ceridian Corporation at $500 each on account
Sold 500 units to Semed Inc. at 550 each on cash
Paid cash in full to Indiana International
Purchased 800 units of shoes from CITS at $450 each on cash
Sold 100 units to Deeman Corp at $600 each on cash
Sagot :
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