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Building Supplies Inc (Bsi) Sells Various Constructionrelated Materials To Builders And Retail Customers

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a. Journal Entries
Apr. 20
Purchases ($ 20,000 x 98%]
19,600
Accounts Payable
19,600
To record purchases on account at a net amount of $ 19,600
Apr. 29
Accounts Payable
19,600
Cash
19,600
To record…Financial Accounting