An entry is made to close Purchases and Purchase Discounts as: Account A 35,000 Account B 1,600 Account C 36,600 Based on this entry, total (gross) purchases for the year were Oa. $1,600. Оb. s36,600....


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An entry is made to close Purchases and Purchase Discounts as:<br>Account A<br>35,000<br>Account B<br>1,600<br>Account C<br>36,600<br>Based on this entry, total (gross) purchases for the year were<br>Oa. $1,600.<br>Оb. s36,600.<br>Oc. $35,000.<br>Od. Undeterminable, given the preceding information.<br>

Extracted text: An entry is made to close Purchases and Purchase Discounts as: Account A 35,000 Account B 1,600 Account C 36,600 Based on this entry, total (gross) purchases for the year were Oa. $1,600. Оb. s36,600. Oc. $35,000. Od. Undeterminable, given the preceding information.

Jun 11, 2022
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