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A journal entry is made that debits inventory and credits cash (checking account). This journal entry represents which of the following transactions? The business purchases
A journal entry is made that debits inventory and credits cash (checking account). This journal entry represents which of the following transactions?\ The business purchases inventory from a vendor and writes a check for the merchandise at the time of purchase.\ The business purchases inventory from a vendor and agrees to pay the vendor within 30 days.\ A customer purchases merchandise and writes a check to the business for the merchandise at the time of purchase.
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