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LuLu Library purchased 50 textbooks from the local publisher, about career readiness, to resell to...

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Accounting

LuLu Library purchased 50 textbooks from the local publisher, about career readiness, to resell to clients. The total cost of the transaction, including shipping and handling, was $552. The textbooks were purchased on account. Use a journal entry to record this transaction, using the perpetual inventory system.

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