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Elite Pool and Spa made lump sum purchase of three items. Item A was appraised at 45000, Item B was appraised at 75000 and item
Elite Pool and Spa made lump sum purchase of three items. Item A was appraised at 45000, Item B was appraised at 75000 and item C was appraised at 80000. The purchase price was 160000. the journal entry to record the purchase of three items for the three items for cash on may 13 would be:
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