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Question

Ruby Corporation engaged in the following transactions during June. The company uses the perpetual inventory

system.

 

DATE   TRANSACTIONS

2019     June

4   Purchased merchandise on account from Salinas Company; Invoice 100 for $1,045; terms n/30.

15   Recorded purchases for cash, $1,560.

30   Paid amount due to Salinas Company for the purchase on June 4.

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4th June 2019 Dr Inventory... View the full answer

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