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1.) Complete the journal entries for the following transactions: On July 1, 2019, ABC Company purchased merchandise on account for $10,000, with terms 1/10, n/30.

1.) Complete the journal entries for the following transactions:

On July 1, 2019, ABC Company purchased merchandise on account for $10,000, with terms 1/10, n/30. The entry would include a debit to (inventory, accounts payable) a.

and a credit to (inventory, accounts payable) b.

for $10,000.(inventory, accounts payable)c.

On July 8, 2019, ABC Company paid for the above purchase. The entry would include a debit to (inventory, accounts payable)d.

for (9900,10000) e.

, a credit to (inventory, cash) f.

for (9900,10000) g.

and a credit to (inventory, cash) h.

for . (900,100) I.

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