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1 (On your accounting books) What is the journal entry to recognize your purchase of inventory on account? 2 (On your accounting books) What is

1 (On your accounting books) What is the journal entry to recognize your purchase of inventory on account?

2 (On your accounting books) What is the journal entry to recognize your capture of a sales inventory discount when paying for the above inventory?

3 (On your accounting books) What is the journal entry to recognize your return of some of the above inventory?

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