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Question

Record the following transactions of Allen Inc.: (Round your answers to 2 decimal places)

 

DATE   TRANSACTIONS 2019    

March


8   Purchased merchandise on credit from Alenikov Designs, Invoice 1091, list price $3,700, trade discounts of 30% and 20%; terms 3/10, n/30.

 

17   Paid the amount owed on the purchase of March 8 from Alenikov Designs, less the 3 percent discount, Check 185.

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