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Business, 02.03.2020 17:10 NFMZombie

Clark Incorporated purchased iron from Garret Industries. The purchase cost $54,730 with freight costs of $680 and a purchase discount of $5,473. If Clark Incorporated uses a periodic system of inventory, which accounts will Clark Incorporated use to account for this purchase?

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Clark Incorporated purchased iron from Garret Industries. The purchase cost $54,730 with freight cos...
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