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Question: This information relates to Rice Co. 1.


This information relates to Rice Co.
1. On April 5, purchased merchandise from Jax Company for $28,000 on account.
2. On April 7, purchased equipment on account for $30,000.
3. On April 8, returned $3,600 of April 5 merchandise to Jax Company.
4. On April 15, paid the amount due to Jax Company in full.

Instructions
Prepare a tabular summary to record the transactions listed above for Rice Co. using a perpetual inventory system.


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2.99

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