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6. Paid the vendor $55,000 for the inventory parts 30 days after receipt of the bill. 7. Inventory costing $40,000 is sold to customers on
6. Paid the vendor $55,000 for the inventory parts 30 days after receipt of the bill. 7. Inventory costing $40,000 is sold to customers on account for $62,000. 8. Collected $24,000 from customers from previous credit sales 9. Inventory costing $15,000 is sold to customers for $23,000 cash. 10. By the end of the accounting period, we used up the remaining $80000 of office supplies 6. Paid the vendor $55,000 for the inventory parts 30 days after receipt of the bill. 7. Inventory costing $40,000 is sold to customers on account for $62,000. 8. Collected $24,000 from customers from previous credit sales 9. Inventory costing $15,000 is sold to customers for $23,000 cash. 10. By the end of the accounting period, we used up the remaining $80000 of office supplies
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