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A Company uses the perpetual inventory system. The company purchased an item of inventory for $150 and sold the item to a customer for $280.

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A Company uses the perpetual inventory system. The company purchased an item of inventory for $150 and sold the item to a customer for $280. How will the sale affect the company's Inventory account? Multiple Choice The Inventory account will decrease by $280. The Inventory account will decrease by $130. The Inventory account will decrease by $150. The Inventory account will not change

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