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On July 10, a hardware retailer purchased merchandise inventory on account for $ 1 comma...

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Accounting

On July 10, a hardware retailer purchased merchandise inventory on account for $ 1 comma 800. The company plans to pay $ 1 comma 500 the following week and the remaining amount the week after. Which of the following is the correct entry to record the July 10 transaction in a purchases journal? Assume a perpetual inventory system is used.

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