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Kate Company uses the perpetual inventory system. Record the journal entries for the following transactions:

a. On July 16, Kate sold $900 of merchandise with terms of 2/10, n/30. The cost of the merchandise was $540.

b. On July 19, the customer returned $150 of the merchandise from (a). The cost of the merchandise was $90.

c. On July 22, the customer paid the entire balance due to Kate.

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