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1. Purchased $3,000 of inventory on account (terms 2%10/net 30
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2
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Paid $100 freight bill for #1 with a check
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3
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Paid invoice from transaction #1 above 8 days after invoice date
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4
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Sold 6 bikes to a customer for $200 each, on account. Cost of each bike was $120. Terms were Net 30
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