Prepare the journal entry for a purchase of widgets that were bought at $7.45 per unit and
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Question:
Prepare the journal entry for a purchase of widgets that were bought at $7.45 per unit and have a standard cost of $7.15. The total amount owed to the vendor for this purchase is $33,525. For a compound transaction, if an amount box does not require an entry, leave it blank or enter "0
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