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A business purchased inventory at the cost of $ 25,000 on terms of 2/10, n/30 FOB Destination. Afterwards, the business returned $5,000 of inventory to

A business purchased inventory at the cost of $ 25,000 on terms of 2/10, n/30 FOB Destination. Afterwards, the business returned $5,000 of inventory to its supplier. Suppose the business then pays the supplier within the discount period: what is the impact on the Merchandise Inventory account, assuming the business uses a perpetual inventory system? Select one: a. Debit $ 250. b. No effect. The purchase discounts account is used. 0 O D c. Credit $ 300. D d. Credit $400. e. Credit $ 500image text in transcribed

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