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Paulsen Tools uses the LIFO system. Whenever the business purchases units of inventory from a supplier, the accountant should record the purchase as a debit

Paulsen Tools uses the LIFO system. Whenever the business purchases units of inventory from a supplier, the accountant should record the purchase as a debit to inventory and a credit to __________ . Accounts Payable, Sales, Cost of Goods Sold, Accounts Receivable

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