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Using the gross price method prepare journal entries to

Using the information in RE8-4, prepare journal entries to record Stevens Company's purchases if it pays on August 8.In RE8-4, On July 10, Stevens Company purchases $50,000 of inventory on credit with payment terms of 2/10, net 30. Using the gross price method, prepare journal entries to record Stevens Company's purchases if it pays on July 18.

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Accounting Basics: Using the gross price method prepare journal entries to

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