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Received $10,000 of merchandise purchased on credit from Ventura & Sons; Invoice 30046; terms 2/10, n/30; F.O.B., shipping point; freight charges totaled $50. Issued check

Received $10,000 of merchandise purchased on credit from Ventura & Sons; Invoice 30046; terms 2/10, n/30; F.O.B., shipping point; freight charges totaled $50. Issued check 1011 to Speedy Freight. Prepare journal entry.

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