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(Assume a perpetual A company purchased inventory for $5,000 from a vendor on account, FOB shipping point, with terms of 3/10, n/30. The company
(Assume a perpetual A company purchased inventory for $5,000 from a vendor on account, FOB shipping point, with terms of 3/10, n/30. The company paid $100 cash for freight in. The entry to record the payment of the invoice within 10 days of the invoice date by the purchaser would include inventory system.) A. a debit to Accounts Payable for $5,000, a credit to Merchandise Inventory for $100, and a credit to Cash for $4,900 B. a debit to Accounts Payable for $4,850, a debit to Merchandise Inventory for $150, and a credit to Cash for $5,000 C. a debit to Accounts Payable for $4,850 and a credit to Cash for $4,850 D. a debit to Accounts Payable for $5,000, a credit to Merchandise Inventory for $150, and a credit to Cash for $4,850
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