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Transaction 2 The company quickly acquired $42,000 in inventory, 30% of which was paid for in cash. The rest was acquired on open accounts that

Transaction 2

The company quickly acquired $42,000 in inventory, 30% of which was paid for in cash. The rest was acquired on open accounts that were payable after 30 days.

Account: Dollar amount:

Account: Dollar amount:

Account: Dollar amount:

Account: Dollar amount:

Account: Dollar amount:

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