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11. 0.50 points Shankar Company uses a perpetual system to record inventory transactions. The company purchases Inventory on account on February 2 for $32.000 and

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11. 0.50 points Shankar Company uses a perpetual system to record inventory transactions. The company purchases Inventory on account on February 2 for $32.000 and then sols this inventory on account on March 17 for Record transactions for the purchase and sale of inventory Of ne entry is required for a transaction event, select "No journal entry required in the first account Red.) View transaction ist Journal entry worksheet Record the purchase of inventory on account Note: Errors before credits General Journal Debt Credit Record entry Clear entry View general Journal

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