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Patty's Pet Store purchased inventory on October 10,2024 , at a price of $49,000, subject to credit terms of 3/10,n/30. Patty's uses the gross method

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Patty's Pet Store purchased inventory on October 10,2024 , at a price of $49,000, subject to credit terms of 3/10,n/30. Patty's uses the gross method for recording purchases and uses perpetual inventory system. Required: A. Prepare the journal entry to record the purchase. B. Prepare the journal entry to record the payment of one-half the invoice amount on October 18 , 2024. C. Prepare the journal entry to record the payment of the balance of the amount due on November 8 , 2024

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