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2. Bell Corporation purchases inventory on February 1, 2019 for $80,000 in exchange for a short-term note payable, due in one year, with interest at

2. Bell Corporation purchases inventory on February 1, 2019 for $80,000 in exchange for a short-term note payable, due in one year, with interest at 8%. The entry on February 1, 2019 includes a

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