Mr. Smith has asked you to prepare the necessary journal entries (Es) for the following transactions, which occurred in the month just ended. Use a perpetual inventory system. Your debits and credits should equal and the entries should have proper impact on the accounts that are being used. Summit LLC operates with monthly accounting periods. All of the company’s accounting workis completed through the end of April, and its ledgers show April 30 balances. Terms for all credit sales are 2/10, n/30, unless otherwise stated

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