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

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

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