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The Bixby Co. had the following transactions involving the purchase of merchandise. Prepare the necessary general journal entries. Any applicable freight costs are prepaid by the seller. The perpetual inventory method is in use.
June 16 Purchased merchandise having a price of from the Shelby Manufacturing Co. on account with credit terms . Transportation terms F.O.B destination.
June 16 Purchased merchandise having a price of from the Ajax Supply House on account with credit terms . Transportation terms F.O.B shipping point. The freight costs were .
June 17 Received the goods from Shelby.
June 17 Received the goods from Ajax.
June 20 Returned for credit merchandise with an invoice price of to Ajax.
June 25 Paid Shelby the amount owed.
June 28 Paid Ajax the amount owed.
June 30 Returned for cash, merchandise with an invoice price of to Shelby.
-Prepare the necessary general journal entry for June 17,Received the goods from Shelby.
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Correct Code
A reference to using the precise and appropriate code in medical coding to accurately describe a diagnosis, procedure, or service.
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Inhalation
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