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Assume that, during 2014, Company A purchased an additional $38.3 million in raw materials inventory for cash

Question Description

1) Assume that, during 2014, Company A purchased an additional $38.3 million in raw materials inventory for cash. Write the journal entry necessary to record this transaction.

2) Assume that interest of $49.7 million was due and paid for by Company B during 2014. Write the journal entry necessary to record these transactions.

Final Answer

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1) Assum...

Manal25 (649)
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