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On DecemberDecember 3131, 20172017, FinleyFinley purchased $ 17 comma 000$17,000 of merchandise inventory on a one-year, 77% note payable. FinleyFinley uses a perpetual inventory system.
On
DecemberDecember
3131,
20172017,
FinleyFinley
purchased
$ 17 comma 000$17,000
of merchandise inventory on a one-year,
77%
note payable.
FinleyFinley
uses a perpetual inventory system.
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. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.)
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