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John's Corp. is a retailer of various types of T-shirts. On September 3, 2015, John...

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Accounting

John's Corp. is a retailer of various types of T-shirts. On September 3, 2015, John purchased 1,000 T-shirts with CASH from one of its suppliers at the cost of $5/T-shirt.

What is the journal entry for September 3, 2015, if John uses a periodic inventory system?

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