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! Required information [The following information applies to the questions displayed below.) On June 5, a company purchases 130 units of inventory on account for
! Required information [The following information applies to the questions displayed below.) On June 5, a company purchases 130 units of inventory on account for $15 each, with terms 2/10, n/30. The company pays for the inventory on June 12. Required: 1. Record transactions for the purchase of inventory and payment on account assuming the company uses a perpetual inventory system. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list View journal entry worksheet No Date General Journal Debit Credit 1 June 05 1,950 Inventory Accounts Payable 1,950 2 June 12 1,950 Accounts Payable Inventory
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