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What is the correct accounts payable

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Reference no: EM133007480

Flint Co. records purchase discounts lost and uses perpetual inventories.  Prepare journal entries in general journal form for the following:

(a) Purchased merchandise costing 900 with terms 2/10, n/30.
(b) Payment was made thirty days after the purchase.

Required:

Problem 1: What is the correct Accounts Payable and Purchase Discounts Lost?

Reference no: EM133007480

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