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Coronado Company uses a perpetual inventory system and made a purchase of merchandise on credit from Sandhill Corporation on August 3, for $10000, terms 3/10,
Coronado Company uses a perpetual inventory system and made a purchase of merchandise on credit from Sandhill Corporation on August 3, for $10000, terms 3/10, n/45. On August 10, Coronado makes the appropriate payment to Sandhill. The entry on August 10 for Coronado Company is
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