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Shaw Inc., which uses the perpetual inventory system, buys and sells merchandise inventory. On November 12, Shaw sold inventory for $2,800 on account. The original

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Shaw Inc., which uses the perpetual inventory system, buys and sells merchandise inventory. On November 12, Shaw sold inventory for $2,800 on account. The original cost of this inventory was $800. Answer saved Required: In the journal below, record this transaction. Do not include decimals or cents in the numerical response. Date Debit Credit Nov 12

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