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Transaction 2 The company quickly acquired $38,000 in inventory, 30% of which was paid for in cash. The rest was acquired on open accounts

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Transaction 2 The company quickly acquired $38,000 in inventory, 30% of which was paid for in cash. The rest was acquired on open accounts that were payable after 30 days. Account: Account: Account: Dollar amount: Dollar amount: Dollar amount: Account: Dollar amount: Account: Dollar amount:

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