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Journalize the companys purchase of inventory

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Reference no: EM133169524

Question - On August 1, 2022, The Cove at Mill Lake, Inc., purchased inventory costing $44,000 by signing a 12%, six-month, short-term note payable. The company will pay the entire note (principal and interest) on the note's maturity date.

Required - Journalize the company's purchase of inventory.

Reference no: EM133169524

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