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Gilmore company paid hendren on august

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Reference no: EM13905724

On August 1, Gilmore Company purchased merchandise from Hendren with an invoice price of $ 60,000 and credit terms of 2/10, n/30. Gilmore Company paid Hendren on August 11. Prepare any required journal entry(ies) for Gilmore Company ( the purchaser) on: 

(a) August 1, 

(b) August 11. Assume Gilmore uses the perpetual inventory method.

Reference no: EM13905724

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