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Question - Goulet Company is a furniture retailer and uses the perpetual inventory system.
On January 14, 2019, Goulet purchased merchandise inventory at a cost of $45,000. Credit terms were 2/10, n/30.
The inventory was sold on account for $60,000 on January 21, 2019. Credit terms were 1/10, n/30.
The accounts payable was settled on January 23, 2019, and the accounts receivables were settled on January 30, 2019.
Prepare journal entries to record each of these transactions.
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1. the approved budget for 1997 reduced government spending in housing and urban development health and human service
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