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13. On 1/11/20x5, a company purchases $80,000 of merchandise on account from a vendor with terms of 2/10, net/30. Journalize the entry using a net

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13. On 1/11/20x5, a company purchases $80,000 of merchandise on account from a vendor with terms of 2/10, net/30. Journalize the entry using a net method. (3.35 points) Date Account/Description Debit Credit Illustrate how the above entry will affect the accounting equation (both amount and direction): Assets Liabilities Owner's Equity

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