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Bonita Company recently made a $10000 purchase from a major supplier. Shipping costs were $250, terms FOB shipping point. To record this purchase, Bonita Company

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Bonita Company recently made a $10000 purchase from a major supplier. Shipping costs were $250, terms FOB shipping point. To record this purchase, Bonita Company will need to debit the O Cost of Goods Sold account for $10250 O Merchandise Inventory account for $10250 O Cost of Goods Sold account for $250. O Merchandise Inventory account for $10000

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