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Blue, Inc. sold merchandise to Green Co. for $1,500 on account. The merchandise cost Blue $1,000. Both companies use a perpetual inventory system. What entry

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Blue, Inc. sold merchandise to Green Co. for $1,500 on account. The merchandise cost Blue $1,000. Both companies use a perpetual inventory system. What entry will Green make to record the purchase? Debit Accounts Payable $1,500 and Credit Inventory $1,500 Debit Accounts Payable $1,000 and Credit Inventory $1,000 O Debit Inventory $1,000 and Credit Accounts Payable $1,000 Debit Inventory $1,500 and Credit Accounts Payable $1,500

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