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MOE purchased merchandise inventory costing $ 2 4 , 0 0 0 with credit terms of 2 / 1 0 , net 3 0 .

MOE purchased merchandise inventory costing $

24, 000

with credit terms of

2 / 10,

net

30 .

The payment of the purchse was made

8

days after the purchase. Record the journal entries using the A

.

Gross Method & B

.

Net method.

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