Purchases are an activity of acquiring the merchandise inventory of a business. Sales are an activity of selling the merchandise inventory of a business. To Record: The purchase and sales transactions of Company D during June 2018.

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Chapter 5, Problem 5.46BP

To determine

Purchases are an activity of acquiring the merchandise inventory of a business.

Sales are an activity of selling the merchandise inventory of a business.

To Record: The purchase and sales transactions of Company D during June 2018.

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