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On Nov. 10, ABC Co. purchased $200 of merchandise for resale on account with credit terms of 2/10, n/30. Assuming the gross method of recording
On Nov. 10, ABC Co. purchased $200 of merchandise for resale on account with credit terms of 2/10, n/30. Assuming the gross method of recording purchases is used, show how to journalize the transaction into the purchases journal by selecting all of the correct actions below. (Check all that apply.)
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