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Question 17 Complete the following journal entry to record the purchase of $2,400 of inventory on account. Be sure to state whether each account is

Question 17 Complete the following journal entry to record the purchase of $2,400 of inventory on account. Be sure to state whether each account is debited (DR) or credited (CR) and then state the account name. DR or CR Account Name Merchandise Invent DR 2,400 CR Cash 2,400

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