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A company purchases inventory, from a manufacturer for $87,000, plus 5% HST. The purchase is made on account. Required: Prepare the journal entry to record

A company purchases inventory, from a manufacturer for $87,000, plus 5% HST. The purchase is made on account. Required: Prepare the journal entry to record the acquisition of inventory. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

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