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Purchase-Related Transactions shipment. Butler Co. agreed to keep the damaged merchandise. Illustrate the effects on the accounts and financial statements of Butler Co. a. The

image text in transcribedimage text in transcribed Purchase-Related Transactions shipment. Butler Co. agreed to keep the damaged merchandise. Illustrate the effects on the accounts and financial statements of Butler Co. a. The purchase. b. The credit for damaged merchandise. c. The payment of the invoice. Financial Statement Effects

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