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Waterway Company recently made a $ 1 0 6 0 0 purchase from a major supplier. Shipping costs were $ 2 1 0 , terms

Waterway Company recently made a $10600 purchase from a major supplier. Shipping costs were $210, terms FOB shipping point. To record this purchase, Waterway Company will need to debit the
Merchandise Inventory account for $10600.
Cost of Goods Sold account for $10810.
Merchandise Inventory account for $10810.
Cost of Goods Sold account for $210.
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