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periodic inventory system Prepare the necessary journal entries to record the following transactions, assuming a periodic inventory system: (a) Purchased ( $ 450.000 ) of

periodic inventory system Prepare the necessary journal entries to record the following transactions, assuming a periodic inventory system: (a) Purchased \( \$ 450.000 \) of merchandise on account, terms \( 2 / 10, n / 30 \). 2 answers

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