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Fred Anderton purchased lamps on a 30-day account, to sell from his furniture business. Which entry should he make? Debit Inventory; Credit Accounts Payable Credit

Fred Anderton purchased lamps on a 30-day account, to sell from his furniture business. Which entry should he make? Debit Inventory; Credit Accounts Payable Credit Inventory; Debit Cash Credit Inventory; Debit Accounts Payable Credit Inventory; No debit entry until he sells them.

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