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KYZ purchased $7,000 in merchandise from ABC on 4-5-16 with terms 2/15/Net30. XYZ paid for the merchandise on 4/17/16. The merchandise cost ABC$3,200. What are

KYZ purchased $7,000 in merchandise from ABC on 4-5-16 with terms 2/15/Net30. XYZ paid for the merchandise on 4/17/16. The merchandise cost ABC$3,200. What are ABC j journal entries or 4516 and 41716

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