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  3. select apparel purchased 90 new shirts and recorde

Select Apparel purchased 90 new shirts and recorded a total cost of $2,776 determined as...

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Accounting

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Select Apparel purchased 90 new shirts and recorded a total cost of $2,776 determined as follows: $2,280 Invoice cost Shipping charges Import taxes and duties Interest (6.0%) on $2,250 borrowed from the bank to finance the purchase 195 166 137 $2,776 Required: Prepare the journal entry to record this purchase in the correct amount, assuming a perpetual Inventory system (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction ist Journal entry worksheet 1 Record the cost of the purchase, assuming a perpetual loventory system

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