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Homework answers / question archive / Please explain how to prepare journal entries to record the following transactions

Please explain how to prepare journal entries to record the following transactions

Accounting

Please explain how to prepare journal entries to record the following transactions. * March 1, purchased land for cash, $20,000 * March 11, purchased merchandise inventory, on account, $18,500 * March 15, Sold merchandise to customer for cash, $555 Thank you

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