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Feathertouch Company Sold Merchandize Worth $800 on Credit, Terms N/15

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Feathertouch Company sold merchandize worth $800 on credit, terms n/15. The merchandize sold had cost $550. What is the required journal entry to record the transaction under the perpetual inventory system? Feathertouch Company sold merchandize worth $800 on credit, terms n/15. The merchandize sold had cost $550. What is the required journal entry to record the transaction under the perpetual inventory system?

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