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Journal entry worksheet A buyer uses a periodic inventory system, and on December 5, it purchases $4,000 of merchandise on credit terms of 2/10, n/30.

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Journal entry worksheet A buyer uses a periodic inventory system, and on December 5, it purchases $4,000 of merchandise on credit terms of 2/10, n/30. Note: Enter debits before credits. Credit Date Dec.5 Debit 4,000 mm General Journal Cash Merchandise inventory Cash 80 3,920 Record entry Clear entry View general journal

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