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Question 4 You are the accountant for Mon Inc., a manufacturer of automobiles.This year, Mon Inc. purchased $450,000 of tires from Tire Co. on account.

Question 4

You are the accountant for Mon Inc., a manufacturer of automobiles.This year, Mon Inc. purchased $450,000 of tires from Tire Co. on account. No tires are ever used as indirect materials. What would be the 2 accounts used in the journal entry for this purchase?

Debit ????

Credit ????

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