Question

ABC book store is selling business books, magazines and stationeries. The following transactions were occurred in...

ABC book store is selling business books, magazines and stationeries. The following transactions were occurred in February 2020 (GST inclusive).

Feb.      6           Purchased books from Book Depository $880, terms 2/7, n/30.

             7           Paid freight on February 6 purchase $44.

             8           Sold inventory to customers $990, terms n/30. The inventory cost $600.

             10        Returned $99 books to Book Depository.

             13        Paid Book depository in full.

Required

Prepare the journal entries to record the transactions

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