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The company quickly acquired $37,000 in inventory, 70% of which was acquired on open accounts that were payable after 30 days. The rest was paid
The company quickly acquired $37,000 in inventory, 70% of which was acquired on open accounts that were payable after 30 days. The rest was paid for in cash.
Accounts Receivable Inventory Prepaid Rent Fixtures and Equipment Accounts Payable Interest Payable Wages Payable Notes Payable Paid-in Capital Retained Earnings Leave BlankStep by Step Solution
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