On January 8, merchandise costing $1,200 was sold for $1,800, and the customer agreed to pay $1,800
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On January 8, merchandise costing $1,200 was sold for $1,800, and the customer agreed to pay $1,800 within 30 days.
The other part of this transaction is that the business had an expense of
$1,200 because its Inventory was decreased by $1,200. Record this part of the transaction by completing the blanks below.
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