Affordable Flower Shop uses a large amount of sup-plies in its business. The following table summarizes selected

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Affordable Flower Shop uses a large amount of sup-plies in its business. The following table summarizes selected transaction data for supplies that Affordable purchased:

Affordable Flower Shop uses a large amount of sup-plies in

Determine the total purchases of supplies for July alone under each of the following assumptions:
1. Affordable recognizes purchases when orders are shipped.
2. Affordable recognizes purchases when orders arereceived.

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Principles of Accounting

ISBN: 978-1133626985

12th edition

Authors: Belverd E. Needles, Marian Powers and Susan V. Crosson

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