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During January 2014, Wells Corporation purchased $100,000 of inventory; they paid one-fourth in cash, the remaining balance. This transaction will be recorded as: Select one: Inventory 100,000 Cash 75,000 Notes Payable 25,000 Inventory 100,000 Cash 25,000 Accounts Payable 75,000 Inventory 100,000 Accounts Payable 75,000 Cash 25,000 Inventory 100,000 Cash 25,000 Notes Payable 75,000
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