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Assume that a company records purchases net of discount. If the company bought merchandise valued at $10,000 on credit terms 3/15, n/30, the entry to
Assume that a company records purchases net of discount. If the company bought merchandise valued at $10,000 on credit terms 3/15, n/30, the entry to record a payment for half of the purchase within the discount period would include a debit to: Select one: O a. Accounts payable for $4,850 and a credit to cash for $4,850 b. Accounts payable for $4,850 and to interest expense for $150, and a credit to cash for $5,000 Accounts payable for $5,000 and a credit to cash for $5,000 O d. Accounts payable for $5,000 and to interest revenue for $150 and to cash for $4,850 Clear my choice O c
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