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Current Attempt in Progress Pharoah's Market recorded the following events involving a recent purchase of inventory: (1) Received goods for $9,600, terms 2/10, n/30. (2)
Current Attempt in Progress Pharoah's Market recorded the following events involving a recent purchase of inventory: (1) Received goods for $9,600, terms 2/10, n/30. (2) Returned $192 of the shipment for credit. (3) Paid $48 freight on the shipment. (4) Paid the invoice within the discount period. Use the following tabular analysis to record these transactions. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45). Round answers to 0 decimal places, e.g. 5,275.) Assets Liabilities Cash Accounts Receivable Inventory Accounts Payable (1) $ $ $ (2) (3)
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