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Blossom Company purchases $560 of merchandise on credit. Using the periodic inventory approach, Blossom would record this transaction as: 560 Purchases Accounts Payable 560 560
Blossom Company purchases $560 of merchandise on credit. Using the periodic inventory approach, Blossom would record this transaction as: 560 Purchases Accounts Payable 560 560 Inventory Accounts Payable 560 560 Accounts Payable Purchases 560 560 Accounts Payable Inventory 560
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