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A company that uses the perpetual inventory system purchased merchandise inventory at a cost of $4,300 with credit terms 3/15, net 45. If the company

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A company that uses the perpetual inventory system purchased merchandise inventory at a cost of $4,300 with credit terms 3/15, net 45. If the company elects to pay within the discount period, what would be the appropriate journal entry to record the payment? A. Merchandise Inventory 4,300 Accounts Payable 4,300 B. Accounts Payable 4,300 Merchandise Inventory 4.300 C. Purchase Discount 4,171 Accounts Payable 4,171 U Accounts Payable 4,171

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