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April 18, 2014

Homework Help: accounting

Posted by Jo on Sunday, October 31, 2010 at 2:41pm.

A company purchased 1000 units of inventory on September 25 and the cost per unit was $8.50. Terms of the purchase were 2/10, n/30. The invoice was paid in full on October 4. (Assume a perpetual inventory system). Prepare the journal entries to fully reflect these merchandise transactions

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