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Journalize the following transactions. All purchases are on account and subject to terms of 2/10, n/30. The periodic inventory method is used.
-Journalize the Nov. 23 transaction.
Defendant
The party against whom a lawsuit is filed in a court of law.
Plaintiff
The party who initiates a lawsuit by filing a complaint against the defendant in a court of law.
Mediation
A form of alternative dispute resolution where a neutral third party helps disputing parties reach a mutually agreeable solution.
Early Neutral Case Evaluation
A process in which parties to a dispute receive an assessment of their case by an impartial expert early in the litigation process.
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