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On August 1 Gilmore Company purchased merchandise from Hendren with an invoice price of $ 60,000 and credit terms of 210 n30 Gilmore Company paid Hendren on August 11 Prepare any required

On August 1, Gilmore Company purchased merchandise from Hendren with an invoice price of $ 60,000 and credit terms of 2/10, n/30. Gilmore Company paid Hendren on August 11. Prepare any required journal entry(ies) for Gilmore Company ( the purchaser) on: (a) August 1, (b) August 11. Assume Gilmore uses the perpetual inventory method.

Mar 29 2020 View more View Less

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