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Menke Company is a furniture retailer and uses the perpetual inventory system. Prepare journal entries to record each of these transactions. On January 14,2010 .

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Menke Company is a furniture retailer and uses the perpetual inventory system. Prepare journal entries to record each of these transactions. On January 14,2010 . Menke purchased merchandise inventory at a cost of $25,000. Credit terms were 2/10, n 30 . Debit Amount

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