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On March 15, Silver Company purchased merchandise from Hellen Inc. with an invoice price of $35,000 and credit terms of 2/10, n/30. Silver Company paid

On March 15, Silver Company purchased merchandise from Hellen Inc. with an invoice price of $35,000 and credit terms of 2/10, n/30. Silver Company paid Hellen on March 22.

Required: prepare journal entries for Silver Company (the PURCHASER) on the following dates:

1.March 15 (5 points)

2. March 22 (5 points)

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