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Chapter 3, Problem 22.1MCQ

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Identify the correct answer for the given statement.

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P11-11A (LO2/3)zibnsdɔ PURCHASES AND CASH PAYMENTS TRANSACTIONS Emily Frank owns a small Cash balance: $10,284ping 92do retail business called Frank's Fantasy. The cash account has a balance of $21,000 on July 1. The following transactions occurred during July: Invoice mozib she of a July 1 bonsquoozib ads midiw no 105mg ads bas SI anul no red Issued Check No. 414 in payment of July rent, $2,500. 23101 Purchased merchandise on account from Tilly's Toys, Invoice No. 311, o T gnieU 20 3 5 Alano to 192 2018 008 11 beandbrug ei,000 to ozishat ibm $2,800, terms 2/10, n/30. 13 amist jib diw page of a gen Purchased merchandise on account from Scheer & Company, Invoice No. 812, $3,300, terms 1/10, n/30. (SO) 88- Returned merchandise purchased from Tilly's Toys, receiving a credit memo on the amount owed, $300. A bas Purchased merchandise on account from Donna's Dolls, Invoice No. 139, $2,900, terms 2/10, n/30. , Issued Check No. 415 to Tilly's Toys for merchandise purchased on account, less…

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