(L. OBJ. 2, 3) Journalizing purchase and sale transactions-perpetual system [15—20 min]
The following transactions occurred between Nolan Pharmaceuticals and C & C, the pharmacy chain, during January of the current year:
Requirements
1. Journalize these transactions on the books of C & C.
2. Journalize these transactions on the books of Nolan Pharmaceuticals.
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