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Aug 3 1 , 2 0 2 4 : Purchased merchandise inventory for $ 6 , 0 0 0 , signing a six - month,

Aug 31,2024: Purchased merchandise inventory for $6,000, signing a six-month, 11% note payable. The company uses the perpetual inventory system
\table[[Date,Accounts,Debit,Credit],[Aug.31,Merchandise Inventory,6000,],[Short-Term Notes Payable,,6055]]
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