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On October 16, Wynn Co. bought 80 parkas on account at $70 each. Terms of the purchase were 2/10n/30. It paid for 60 parkas on

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On October 16, Wynn Co. bought 80 parkas on account at $70 each. Terms of the purchase were 2/10n/30. It paid for 60 parkas on October 25 and paid for the remaining parkas on October 30 . If Wynn uses the NET method of accounting for discounts, prepare all required journal entries. Assume a periodic inventory system

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