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2. Valleyview Asphalt provides road construction services throughout Saskatchewan, part of their supplies they need to put down their product is asphalt oil. In 2017,

2. Valleyview Asphalt provides road construction services throughout Saskatchewan, part of their supplies they need to put down their product is asphalt oil. In 2017, they had a beginning inventory level of $300,000, they purchased $400,000 throughout the year and had an ending inventory of $200,000. Please provide the journal entries for the purchase of the oil and the cost of goods sold journal entry

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