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ACB Manufacturing uses the perpetual inventory system and purchased $4,000 of merchandise inventory on account. The seller prepays $200 in freight charges which were added
ACB Manufacturing uses the perpetual inventory system and purchased $4,000 of merchandise inventory on account. The seller prepays $200 in freight charges which were added to ACB Manufacturing's invoice. The journal entry for the purchase of merchandise on account using the perpetual inyentory system is
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