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A Company Purchased Inventory for $2,200 on Account,and Recorded the Following

Question 156

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A company purchased inventory for $2,200 on account,and recorded the following journal entry:
 Merchandise Inventory 2,200 Accounts Payable 2,200\begin{array}{|l|r|r|}\hline \text { Merchandise Inventory } & 2,200 \\\hline \text { Accounts Payable } & & 2,200\\\hline \end{array}
The vendor's invoice showed terms of 3/10,n/30.Prepare the journal entry for the purchaser for the payment of the invoice 17 days after the invoice date.Omit explanation.

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\[\begin{array} { | l | r | r ...

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