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On November 12 Bell Tower Inc received an invoice for $20,000, terms 2/10, n/30. Bell Tower uses a perpetual inventory system and a net method

On November 12 Bell Tower Inc received an invoice for $20,000, terms 2/10, n/30. Bell Tower uses a perpetual inventory system and a net method for purchase discounts. The invoice was paid on December 20. Journalize the December 20 transaction.

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