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A company purchased inventory for $2,000 from a vendor on account, FOB shipping point, with terms of 3/10,n/30. The company paid $100 cash for freight

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A company purchased inventory for $2,000 from a vendor on account, FOB shipping point, with terms of 3/10,n/30. The company paid $100 cash for freight in. The entry to record the payment of the invoice within 10 days of the invoice date by the purchaser would include (Assume a perpetual inventory system.) A. a debit to Accounts Payable for $2,000, a credit to Merchandise Inventory for $100, and a credit to Cash for $1,900 B. a debit to Accounts Payable for $1,940 and a credit to Cash for $1,940 C. a debit to Accounts Payable for $2,000, a credit to Merchandise Inventory for $60, and a credit to Cash for $1,940 D. a debit to Accounts Payable for $1,940, a debit to Merchandise Inventory for $60, and a credit to Cash for $2,000

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