(Answered) Using the information provided in re9-4 prepare the journal

Accounting

Using the information provided in RE9-4, prepare the journal entries to record the reductions to market for Paul Corporation, assuming that it uses the allowance method instead of the direct method.In RE9-4, Paul Corporation reports the following inventory information:

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Assuming Paul Corporation uses the perpetual inventory system and the direct method prepare the journal entries to record the reductions tomarket.

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