Which of the following transactions would not result in an entry to the inventory account in the

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Which of the following transactions would not result in an entry to the inventory account in the buyer's accounting records under a perpetual inventory system?

a. The purchase of merchandise on credit

b. The return of merchandise to the supplier

c. The payment of a credit purchase of merchandise within the discount period

d. The payment of freight by the supplier for goods received by the buyer.

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Cornerstones Of Financial Accounting

ISBN: 9780176707125

2nd Canadian Edition

Authors: Jay Rich, Jefferson Jones, Maryanne Mowen, Don Hansen, Donald Jones, Ralph Tassone

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