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Required information The following information applies to the questions displayed below) On July 15, 2021, the Nixon Car Company purchased 2.100 tires from the Harwell

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Required information The following information applies to the questions displayed below) On July 15, 2021, the Nixon Car Company purchased 2.100 tires from the Harwell Company for $40 each. The terms of the sale were 3/10, 1/30 Nixon uses a perpetual inventory system and the gross method of accounting for purchase discounts 3. If Nixon instead uses a periodic inventory system, explain any changes to the journal entries created in requirements 1 and 2 inventory + Dnventory and the July 23 The July 15 entry would include a debit to the entry would include a credit to the account instead of to account instead of to

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