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Record the following journal entries Making assumptions about paying current liabilities A. ABC purchases supplies in the amount of $1000.00 and charges them Account
Record the following journal entries Making assumptions about paying current liabilities A. ABC purchases supplies in the amount of $1000.00 and charges them Account Debit B. Assume in A above, ABC pays the entire bill Account Debit Credit Credit C. Assume ABC receives a credit memo for the return of supplies that were defective in the amount of $200.00 Account Debit Credit D. Assume ABC pays within the discounted period and receives a 3.2% reduction Account Debit Credit
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