Tiger Oil Company, the operator of Lease A, purchased casing with a list price of ($60,000) for

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Tiger Oil Company, the operator of Lease A, purchased casing with a list price of $$60,000$ for a joint interest property in which it has a 40% WI. The vendor gives a discount of 10% off list price and also has credit terms of 2/10, n/30. Loading, hauling and unloading costs amounted to $$4,000.$ Prepare the entry to record the purchase.

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