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Travis Company purchased merchandise on account from a supplier for $12,700, terms 2/10, net 30. Travis Company paid for the merchandise within the discount period.

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Travis Company purchased merchandise on account from a supplier for $12,700, 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

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