Question: Entity E uses a perpetual inventory system. On October 10, Entity E (buyer) purchased merchandise from Entity F for $25,000, terms 2/10, net 30 .

Entity E uses a perpetual inventory system. On October 10, Entity

Entity E uses a perpetual inventory system. On October 10, Entity E (buyer) purchased merchandise from Entity F for $25,000, terms 2/10, net 30 . Unknown to Entity E, the merchandise cost Entity F$17,000. Entity E's entry to record this transaction is

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