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Powell's Book Warehouse distributes hardcover book to retail stores and extends credit terms of 2/10, n/30 to all of its customer. At the end of

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Powell's Book Warehouse distributes hardcover book to retail stores and extends credit terms of 2/10, n/30 to all of its customer. At the end of May, powell's inventory consists of books purchased for $1,700. During June, the following merchandising transactions occurred

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