On August 1 , Joyful Co purchased inventory costing $ 5 0 0 , with credit terms of 2 1 0 , n 1 5 Ignoring shipping terms, what is the journal entry that Joyful Co should record on August 1

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On August 1 , Joyful Co . purchased inventory costing $ 5 0 0 , with credit terms of 2 / 1 0 , n

On August

1,

Joyful Co

.

purchased inventory costing $

500,

with credit terms of

2 / 10,

/ 15 .

Ignoring shipping terms, what is the journal entry that Joyful Co

.

should record on August

1 ?

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