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A company using the perpetual inventory system purchased inventory worth $520,000 on account with credit terms of 3/15,n/45. Defective inventory of $60,000 was returned 2

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A company using the perpetual inventory system purchased inventory worth $520,000 on account with credit terms of 3/15,n/45. Defective inventory of $60,000 was returned 2 days later, and the accounts were appropriately adjusted. If the company paid the invoice 25 days later, the journal entry to record the payment would be A. $520,000 debit to Accounts Payable and $520,000 credit to Cash B. $473,800 debit to Accounts Payable, $13,800 credit to Merchandise Inventory, and $460,000 credit to Cash C. $520,000 debit to Accounts Payable, $506,200 credit to Cash, and $13,800 credit to Merchandise Inventory D. $460,000 debit to Accounts Payable and $460,000 credit to Cash

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