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Travis Company purchased merchandise on account from a supplier for $8,700, terms 2/10, net 30. Travis Company paid for the merchandise within the discount period.
Travis Company purchased merchandise on account from a supplier for $8,700, terms 2/10, net 30. Travis Company paid for the merchandise within the discount period. Under a perpetual Inventory system, record the journal entries required for the above transactions. If an amount box does not require an entry, leave it blank a. Inventory Accounts Payable b. Accounts Payable Cash ma
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