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Business, 21.06.2021 16:20 creepycrepes

LOL Music Store uses the perpetual inventory system to account for its merchandise. On November 17, it purchased $1,000 of merchandise with terms of 2/5,n/60. If payment is made on November 21. Demonstrate the required journal entry to record the payment.

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LOL Music Store uses the perpetual inventory system to account for its merchandise. On November 17,...
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