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prepare the journal entries 40 ABC purchased $5,000 in merchandise from XYZ on 2-5-16 with terms 3/10/Net20. ABC paid for the merchandise on 2-12-16. What

prepare the journal entries

40 ABC purchased $5,000 in merchandise from XYZ on 2-5-16 with terms 3/10/Net20. ABC paid for the merchandise on 2-12-16. What are ABC's journal entries for 2-5-16 and 2-12-16

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