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Question Wildhorse Co. purchased $43,000 of inventory on July 1, 2017, subject to a trade discount o, 5% and with credit terms of 2/10, n/30,
Question Wildhorse Co. purchased $43,000 of inventory on July 1, 2017, subject to a trade discount o, 5% and with credit terms of 2/10, n/30, Bolt paid the invoice on My 10. Assuming that Wildhorse uses the perpetual method for recording inventory transactions, record the purchase and payment using the gross method. If no entry is required, select "No entry for the accoune titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do mot indent manualy, Record journal entries in the order presented in the problem Date Account Tities and Explanation
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