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2 years ago

Problem #2

1 answer:

6 0

The perpetual inventory system is an inventory management method that records when stock is sold or received in real-time.

<h3>How to depict thejournal?</h3>

a. Debit Accounts Receivable 12000

Credit Sales 12000

Debit Cost of Merchandise Sold 6500

Credit Merchandise Inventory 6500

b. Debit Cash 9500

Credit Sales 9500

Debit Cost of Merchandise Sold 5300

Credit Merchandise Inventory 5300

c. Debit Cash 2900

Credit Sales 2900

Debit Cost of Merchandise Sold 1700

Credit Merchandise Inventory 1700

d. Debit Credit Card Expense 385

Credit Cash 385

e. Debit Credit Card Expense 75

Credit Cash 75

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The solution to the system of equations be:

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Step-by-step explanation:

It is important to remember that when we solve the system of equations, the first step we need to do is to solve one of the equations for one of the variables.

Given the system of equations

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<u>NOW LET US SOLVE THE REMAINING PORTION</u>

$\mathrm{Subsititute\:}x=-1+y$ to solve for y

$\begin{bmatrix}2\left(-1+y\right)-y=3\end{bmatrix}$

$-2+y=3$

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For x = -1 + y

substitute y = 5

$x=-1+5$

$x=4$

Thus, the solution to the system of equations be:

$x = 4, y = 5$

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