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5 points Save Answer QUESTION 16 A company that uses the perpetual inventory system and the gross method of accounting for purchases purchased $8,500 of
5 points Save Answer QUESTION 16 A company that uses the perpetual inventory system and the gross method of accounting for purchases purchased $8,500 of merchandise on March 25 with credit terms of 2/10, 1/30. The invoice was paid in full on April 4. Prepare the journal entries to record the transactions on March 25 and April 4 For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BI VS Paragraph Arial 10pt 111
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