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Feb. 3: Purchased $3,500 of merchandise inventory on account under terms 2/10, n/EOM and FOB shipping point from Sally's Market. Date Accounts Feb. 3

Feb. 3: Purchased $3,500 of merchandise inventory on account under terms 2/10, n/EOM and FOB shipping point from Sally's Market. Date Accounts Feb. 3 Merchandise Inventory Accounts Payable-Sally's Market Debit Credit 2,800 2,800

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