Journalize and post the preceding transactions (for Exercise 15A-2) using a two-column journal and T accounts. 201X Nov. 5 Purchased on account 13 units at a cost of $10 each. (Inventory on hand prior to this purchase was zero units.) 6 Sold 7 units for $15.70 each. (Hint: The inventory record only contains information about the cost of a product, not the selling price!) This is a cash sale. 7 Sold 1 unit for $15.70 each. This is a cash sale. 10 Purchased on account 12 additional units at a cost of $10 each.

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