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A company using the perpetual inventory system purchased inventory worth $500.000 on account with crede terms of 3/16, 1/40. Defective inventory of 570.000 was returned

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A company using the perpetual inventory system purchased inventory worth $500.000 on account with crede terms of 3/16, 1/40. Defective inventory of 570.000 was returned 3 days later, and the accounts were appropriately adjusted if the company paid the invoice 30 days later, the journal entry to record the payment would be O A 5430.000 debit to Accounts Payable and 5430,000 credit to Cash O . 5500.000 debit to Accounts Payable and $500,000 credit to Cash OC. 3500,000 debit to Accounts Payable, 5487,100 credit to Cash, and $12,000 credit to Merchandise Inventory OD. 3442.000 debit to Accounts Payable, $12,000 credit to Merchandise Inventory, and $430,000 ore de to Cash A company that uses a perpetual inventory system purchased inventory on record these reuns? und er returned goods worth to the vendor Which of the following would be the correcta entry to OA Merchandise inventory Accounts Payab Accounts Payable Merchandise Inventory Oc Purchase Returns Accounts Payable OD Accounts Purchase Returns Forever Jewelers uses the gross method and a perpetual inventory system. On Apt2, Forever sold merchandise with a cost of $1,000 for $5,800 to a customer on account with terms of t15.30 Which of the following would be included in the journal entry to record the cash receipt on April 307 OA Credit to Sales Discounts for $50 OB Debit to Cash for 56,800 OC. Debit to Sales Discount for 550 OD Credito Cash for 55.742

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