on october 16,Wynn Co. bought 80 parkas on account at $70 each. Terms of the...
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Accounting
on october 16,Wynn Co. bought 80 parkas on account at $70 each. Terms of the purchase were 2/10 n/30. It paid for 60 parkas on October 25 and paid for the remaining parkas on October 30. If Wynn use the method of accounting for discounts, prepare all required journal entries. Assume a periodic inventory system
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