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Able Corp made the following transactions in May: Bought $300 of inventory for cash. Sold $100 of inventory for $250 cash. Sold $250 of inventory

Able Corp made the following transactions in May: Bought $300 of inventory for cash. Sold $100 of inventory for $250 cash. Sold $250 of inventory for $500 on account. Collected $150 of accou...

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