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Under the ____________________ inventory system, various accounts are used to record all transactions: ____________________...

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Accounting

  1. Under the ____________________ inventory system, various accounts are used to record all transactions:
    1. ____________________ is debited to record purchases and related procurement charges.
    2. ____________________ ____________________ ____________________ ____________________ is credited to record returns.
    3. ____________________ ____________________ is credited to record discounts.

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