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Comfort Company purchased $160$ units of inventory on November $17,2024.$ The units have a list price of $$550$ each, but

Comfort was given a $40\%$ trade discount. The terms of the sale were $\frac{2}{10},\frac{n}{30}.$ Comfort uses a perpetual inventory

system.

quired:

Prepare the journal entries to record the $($a$)$ purchase by Comfort on November $17$ and $($b$)$ pa