5: Question 1 (1 point) Pajot Corporation recorded the following 2 transactions during September: Sept. 1...
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5: Question 1 (1 point) Pajot Corporation recorded the following 2 transactions during September: Sept. 1 purchased 150 units for $2 each. Sept 22 paid off the March 1st purchase. Which of the following is true concerning the above transactions: The September 22nd entry includes a debit to sales under the perpetual system or a credit to inventory under the periodic system of $300 Under a periodic system, the Sept. 1st journal entry will include a debit to Inventory of $300 Under a periodic system, the Sept. 1st journal entry will include a debit to purchases of $300 There will be no entry made relating to the transaction on September 1st 5: Question 1 (1 point) Pajot Corporation recorded the following 2 transactions during September: Sept. 1 purchased 150 units for $2 each. Sept 22 paid off the March 1st purchase. Which of the following is true concerning the above transactions: The September 22nd entry includes a debit to sales under the perpetual system or a credit to inventory under the periodic system of $300 Under a periodic system, the Sept. 1st journal entry will include a debit to Inventory of $300 Under a periodic system, the Sept. 1st journal entry will include a debit to purchases of $300 There will be no entry made relating to the transaction on September 1st
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