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Comfort Company purchased 180 units of inventory on November 17,2024. The units have a list...

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Accounting

Comfort Company purchased 180 units of inventory on November 17,2024. The units have a list price of $500 each, but Comfort was given a 25% trade discount. The terms of the sale were 21Record the purchase of inventory.
1a. Record the purchase o1b.Record payment on Nov 26using the net meRrecordecord for the purchase of inventory.f inventory.
1b. record payment on Nov 26 using the net meRecord the purchase of inventory.
2. Alernatively, record payment on Dec 15 using the net method of accounting for pirchase discounts.

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