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Bonnie Bailey's Textiles, Inc., uses a perpetual inventory system. Enter the following transaction into the accounting equation In February, Bonnie Bailey's sold $440,000 of merchandise
Bonnie Bailey's Textiles, Inc., uses a perpetual inventory system. Enter the following transaction into the accounting equation In February, Bonnie Bailey's sold $440,000 of merchandise on account with terms 2/10, /30. The cost of the merchandise sold was $250,000. Enter the transaction into the accounting equation. Some of the accounts will be abbreviated. (Use parentheses or a minus sign when entering component decreases. Use only the necessary input lines.) Shareholders' Equity Assets Liabilities Contributed Capital+ Retained Earnings Account Account Account Account
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