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Your firm purchases a bookcase and you are given the following data: Cost$700 Sales tax35 Freight (paid by purchaser)40 To record the purchase, you:

Your firm purchases a bookcase and you are given the following data:

         Cost                                                                      $700

         Sales tax                                                                   35

         Freight (paid by purchaser)                           40

To record the purchase, you: 

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