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1 point A payment within the discount period using perpetual inventory system will be recorded in the buyer's books with: * credit to Merchandise Inventory

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1 point A payment within the discount period using perpetual inventory system will be recorded in the buyer's books with: * credit to Merchandise Inventory O credit to Accounts Payable O debit to Cash O credit to Purchase Discount 1 point Which of the following types of transactions will not affect the merchandise inventory account under the perpetual inventory system? Purchases Sales Returns Sales Trade discounts

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