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Business, 28.05.2021 02:30 pineappledogpie1608

QS 4-7 Recording purchases and discounts missed LO P1 Prepare journal entries to record each of the following transactions. The company records purchases using the
perpetual inventory system.
Sept. 15 Purchased merchandise with an invoice price of $50,000 and credit terms of 4/5, n/15.
Sept. 29 Paid supplier the amount owed on the September 15 purchase.

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