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Iona Corp. uses the perpetual inventory system. It had the following transactions occur during June: Date Description June 8: Purchased inventory costing $3,000 on account,

Iona Corp. uses the perpetual inventory system. It had the following transactions occur during June: Date Description June 8: Purchased inventory costing $3,000 on account, terms 3/15, n/30. June 18: Paid for the inventory previously purchased on June 8. Required: In the journal below, record these two transactions

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