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AP-9B LO3 On March 20, 2021, Cup-A-Java received a shipment of gift mugs for resale from Cup Makers, invoiced at $5,000. The terms stated on
AP-9B LO3 On March 20, 2021, Cup-A-Java received a shipment of gift mugs for resale from Cup Makers, invoiced at $5,000. The terms stated on the invoice from Cup Makers were 3/15, n/60. Under a perpetual inventory system journalize the following scenarios for Cup-A-Java. Required a) As the bookkeeper for Cup-A-Java, record the purchase of inventory. Account Title and Explanation Date Debit Credit 360
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