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Bennett Co. paid $ 205 to Parker Co. and received a $ 32 purchases discount. Journalize the entry for Bennett Co. Assume the perpetual inventory

Bennett

Co. paid

$ 205

to

Parker

Co. and received a

$ 32

purchases discount. Journalize the entry for

Bennett

Co. Assume the perpetual inventory system. (The amount paid of

$ 205

is the amount after the discount. Record debits first, then credits. Exclude explanations from journal entries.)

Journal Entry

Date

Accounts

PR

Dr.

Cr.

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