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Glen Company uses the net method to record inventory purchases. On December 1, Glen Company purchased merchandise listing for $4, 500, subject to terms of
Glen Company uses the net method to record inventory purchases. On December 1, Glen Company purchased merchandise listing for $4, 500, subject to terms of 2/10, n/30. On December 8, Glen company remits a check for the amount due. Record entries for December 1 and December 8
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