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for $ 9 1 sold merchasdise system company cost 4 terms 2/10 1/30 perpetual inventory 2 received payment 7 days later 3 purchased equipment at

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for $ 9 1 sold merchasdise system company cost 4 terms 2/10 1/30 perpetual inventory 2 received payment 7 days later 3 purchased equipment at a cost $ 17 4 closed the wage expense account current balance S 18 5 prepaid insurance related to last fiscal year S 3

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