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Vaughn prepared a sales invoice for its sale of 18 pots to Rusty Pelican, a retailer. The invoice showed a sales price of $23 per
Vaughn prepared a sales invoice for its sale of 18 pots to Rusty Pelican, a retailer. The invoice showed a sales price of $23 per pot. Under a perpetual inventory system, Rusty Pelican should debit
inventory for $414.
accounts payable for an amount less than $414.
accounts payable for $414.
inventory for an amount less than $414.
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