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ABC Company has ordered $300,000 of office supplies from G&T Supply Limited on December 1. The supplies will be delivered January 31 with credit terms

ABC Company has ordered $300,000 of office supplies from G&T Supply Limited on December 1. The supplies will be delivered January 31 with credit terms 2/10 net 30. ABC has a year-end of December 31. When will ABC record a liability?

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