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A merchandiser purchases inventory on account under a perpetual inventory system with terms of 2/10 n/30. The merchandiser would: Answer debit purchase discounts on date

A merchandiser purchases inventory on account under a perpetual inventory system with terms of 2/10 n/30. The merchandiser would: Answer debit purchase discounts on date of purchase if the discount is taken credit inventory on date of payment if the discount is not taken credit inventory on date of payment if the discount is taken debit purchase discounts on date of purchase if the discount is not taken

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