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On June 3, Maryland Company Purchased Merchandize Worth $800 on Credit

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On June 3, Maryland Company purchased merchandize worth $800 on credit, terms 2/10, n/30. The amount paid on June 10. What is the required journal entry to record the payment under the periodic inventory system? On June 3, Maryland Company purchased merchandize worth $800 on credit, terms 2/10, n/30. The amount paid on June 10. What is the required journal entry to record the payment under the periodic inventory system?

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