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Required information [The following information applies to the questions displayed below.) On July 15, 2024, the Niche Car Company purchased 2,100 tires from the
Required information [The following information applies to the questions displayed below.) On July 15, 2024, the Niche Car Company purchased 2,100 tires from the Treadwell Company for $40 each. The terms of the sale were 3/10. "/30. Niche uses a perpetual inventory system and the gross method of accounting for purchase discounts. 3. If Niche instead uses a periodic inventory system, explain any changes to the journal entries created in Parts 1 and 2. The July 15 entry would include a debit to the The July 23 entry would include a credit to the account instead of to account instead of to
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