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Bill Bluff purchased a new car from the manufacturer to sell at his automobile dealership. He purchased it using a flooring line of credit. Which

Bill Bluff purchased a new car from the manufacturer to sell at his automobile dealership. He purchased it using a flooring line of credit. Which entry should he make? Credit Inventory; Credit Flooring Line of Credit Debit Inventory; Credit Accounts Payable Debit Inventory; No Credit required Debit Inventory; Credit Flooring Line of Credit

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