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Blue Ties company is a retailer who purchases its inventory from a manufacturer. During the month of September, the company had the following transactions: On
Blue Ties company is a retailer who purchases its inventory from a manufacturer. During the month of September, the company had the following transactions: On September 1, 2019, purchased 100,000 ties at $1.50 per tie on account. On September 15th, the company paid for the invoice associated with the 100,000 ties purchase on September 1, 2019. Sold 75,000 ties for $10 each. All sales were in cash Record the transactions to record the purchase of ties and the sale of ties sold. (12 points) General Journal Debit | Credit
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