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Each purchase invoice is recorded as a line item in the purchases journal as shown in the example below. In this example, all the items are assumed to be inventory purchases and some information has been omitted to simplify the example. Postings from the purchases 
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Counties, municipalities and cities impose property taxes on homeowners. The funds from the collected taxes are used for various purposes such as schools and public safety. Tax jurisdictions determine the tax rates and the methods used to assess the properties. Commonly the tax assessor – 
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