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Question 19 4 pts Mod 12.5d: On January 3, 20X1. Company W purchased $2,000 of inventory on account and properly recorded such purchase at that
Question 19 4 pts Mod 12.5d: On January 3, 20X1. Company W purchased $2,000 of inventory on account and properly recorded such purchase at that time. On February 5, 20X1. Company W fully paid off the amount related to the January 31 purchase. The proper entry to record the February 5th payment would include a DEBIT to: Inventory $2,000 Cost of goods sold $2.000 Cash $2.000 Accounts payable $2.000 uestion 20 4 pts
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