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Daisy Company uses a purchases joural to record all purchases on account, including merchandise purchases. The company purchases merchandise and office supplies on a frequent
Daisy Company uses a purchases joural to record all purchases on account, including merchandise purchases. The company purchases merchandise and office supplies on a frequent basis. On January 14, Daisy Company purchased computer equipment on account from Lilly Company for $22,400, terms 1/10, n/45, for its first new employee in five years. How would this transaction be recorded in the purchases journal of Daisy Company?
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