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1 9 . A company purchases inventory for $ 1 0 , 0 0 0 , with terms 3 / 1 0 , n /
A company purchases inventory for $ with terms n The company uses a perpetual system and the net method to record purchases. To record this transaction, the company debits the inventory account for $ Which of the following statements is correct?
a The company should instead debit purchases
b The company should instead credit inventory
c The recorded amount should instead be $
d Two of the other answer choices are correct
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