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On June 5, a company purchases 170 units of inventory on account for $20 each, with terms 1/10, n/30. The company pays for the inventory

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On June 5, a company purchases 170 units of inventory on account for $20 each, with terms 1/10, n/30. The company pays for the inventory on June 12. 2. Assume payment is made on June 22. Record the payment on account assuming the company uses a perpetual inventory system, (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 Record the payment on account. Note: Enter debits before credit General Journal Debit Credit Date June 22

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