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Lori's Lemons and Limes Limited is a Florida fruit company that has elected to record inventory using the perpetual system. Assume that Lori sold merchandise
Lori's Lemons and Limes Limited is a Florida fruit company that has elected to record inventory using the perpetual system. Assume that Lori sold merchandise that cost $41,000 for $78,000. What would Lori's journal entry be?
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