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  • Nov 1, 2010, 05:46 AM
    tmaster47
    I have an accounting question
    A company purchased 1,000 units of inventory on sept 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 Oct 4. (Assume a perpetual inventory system)
    Prepare the journal entries to fully reflect these Merchandise transactions

    I am not sure how this is done?

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