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1. On 1/10/98 the Purchase sys purchased inventories worth of $20,000 on credit and a periodic inventory process is used. The AP/CD system notified the

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1. On 1/10/98 the Purchase sys purchased inventories worth of $20,000 on credit and a periodic inventory process is used. The AP/CD system notified the GL/BR sys of establishing payables. The debit entry is and the credit entry is Do not use the dollar sign for all the questions below

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