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Yost Limited used a perpetual inventory system. Merchandise was purchased on account for $1800. The inventory was later resold on account for $2880. Yost
Yost Limited used a perpetual inventory system. Merchandise was purchased on account for $1800. The inventory was later resold on account for $2880. Yost Limited's journal entry to reflect the purchase of inventory includes a credit to: Sale for $2880 Inventory for $2880 Accounts Payable for $1800 Accounts Receivable for $2880
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