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Camelot Corp. uses the perpetual inventory system. It had the following transactions occur during October: Date Description October 5: Purchased inventory costing $5,000 on account,

Camelot Corp. uses the perpetual inventory system. It had the following transactions occur during October: Date Description October 5: Purchased inventory costing $5,000 on account, terms 3/10, n/30. October 15: Paid for the inventory previously purchased on October 5. Required: In the journal below, record these two transactions

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