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Artemis Co. purchased three sets of tires (4 each) for its delivery vehicles on August 31. The purchase price was $2,700. The seller gave Artemis
Artemis Co. purchased three sets of tires (4 each) for its delivery vehicles on August 31. The purchase price was $2,700. The seller gave Artemis a 10% discount (as a regular customer). The purchase price included installation of the tires on the three vehicles. Sales tax on the purchase price (after the discount) is 5%. Artemis paid one-half of the invoice on August 31 (by check), with the remainder due on September 30. Prepare a journal entry to record this transaction, you may create appropriate account titles Cash, for example
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