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Fastlane automotive received merchandise that had an invoice value of $6500. The journal entry to record the receipt of these goods is: debit supplies 6500
Fastlane automotive received merchandise that had an invoice value of $6500. The journal entry to record the receipt of these goods is:
debit supplies 6500 and credit accounts, payable 6500
Debit accounts, payable 6500 and credit cash 6500
Debit purchases 6500 and credit supplies 6500
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