ABC Co. uses the gross method for discounts of inventory purchased. ABC Co. has the...
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ABC Co. uses the gross method for discounts of inventory purchased. ABC Co. has the following transaction for December, 2021. December 1- Purchase inventory for $10000 on account 2/00, n/30. December 6-paid A/P for December 1 purchase. Which one of the following journal entries is correct for December 6 payment transaction
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