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1. Ivanhoe Sports Authority purchased inventory costing $28.000by signing a 7% short-term, one-year note payable. The purchaseoccurred on July 31, 2016. Ivanhoe pays annual interest

1. Ivanhoe Sports Authority purchased inventory costing $28.000by signing a 7% short-term, one-year note payable. The purchaseoccurred on July 31, 2016. Ivanhoe pays annual interest each yearon Jul 2 answers

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