Marshall Supplies is a janitorial supply store that uses perpetual inventory.Journalize the following transactions:
On July 4,Marshall purchases inventory for sale from Tidy Wholesalers for $8,500.00 with terms 1/10,n/30.
On July 5,Marshall pays Express Transfer $45.00 for freight-in on the July 4 order.
On July 7,Marshall buys an additional $11,985.00 in inventory from Tidy Wholesalers with terms 1/10,n/30.
On July 13,Marshall pays Tidy Wholesalers the balance due on both invoices
Journal
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