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A company purchased inventory for $5,000 from a vendor on socount, FOB lipping point wherm of 2/15/30. The company paid $200 cash for freight in
A company purchased inventory for $5,000 from a vendor on socount, FOB lipping point wherm of 2/15/30. The company paid $200 cash for freight in the entry to record the payment of the invoice within 15 days of the invoice date by the purchaser would include (Assume a perpetual inventory system OA a debt to Accounts Payable for $4.900 and a credit to Cash for $4,900 OB. debt to Accounts Payable for 55.000, a credit to Merchandise Inventory for 100, and credit to Cash for 4,800 OC. debit to Accounts Payable for 55.000, a credit to Merchandise Inventory for $200, and Bordo Cohor 4,800 OD. a debil to Accounts Payable for $4 900, a debit to Merchandise inventory for $100, and are to Cash for $5,000
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