Diveston Inc. purchased 1,000 bags of insulation, on account, from Warmco, Inc. The bags of...
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Accounting
Diveston Inc. purchased bags of insulation, on account, from Warmco, Inc. The bags of insulation cost $ each. Diveston paid Giacamini Transporation $ to have all bags of insulation shipped to its warehouse. Diveston returned bags that were defective and paid for the remainder. Assume that Diveston uses the perpetual inventory system and that Warmco did not offer a purchase discount.
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