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S9-1 (Learning Objective 1: Account for a short-term note payable) Gordon Sports Authority purchased inventory...

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Accounting

S9-1

(Learning Objective 1: Account for a short-term note payable) Gordon Sports Authority purchased inventory costing $11,000 by signing a 12% short-term note payable. The purchase occurred on July 31, 2012. Gordon pays annual interest each year on July 31. Journalize the company

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