Periodic inventory system?
Having difficulty with this one, any help is very appreciated
April. 1 Sold merchandise to Land Company for $4,300, terms 2/10, n/30. The merchandise sold had a cost of $3,200.
2 Purchased merchandise from Webb Corporation for $10,000, terms 1/10, n/30.
4 Purchased merchandise from Ryan Company for $2,300, n/30.
10 Received payment from Land Company for purchase of April 1 less appropriate discount.
11 Paid Webb Corporation for April 2 purchase.
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