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Question 15 Dexter Co. uses the gross method for recording purchase discounts and has a perpetual inventory system. Prepare Dexters journal entries for the following:

Question 15 Dexter Co. uses the gross method for recording purchase discounts and has a perpetual inventory system. Prepare Dexters journal entries for the following: (a) Purchased merchandise costing $900 with terms 3/10, n/30.

(b) Payment was made 5 days after the purchase.

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