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ABC Company purchases 1,000 units of goods from XYZ Company on account for $3,500, on terms 2/10, 1/30. The entry to record the payment by
ABC Company purchases 1,000 units of goods from XYZ Company on account for $3,500, on terms 2/10, 1/30. The entry to record the payment by ABC within 10 days is: Select one: A. Debit Accounts Payable $3,500, Credit Cash $3,500. B. Debit Accounts Payable $3,500, Credit Fees $3,500. C. Credit Accounts Payable $3,500, Debit Cash $3.500. D. None of the above
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