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Day Company purchased $3,000 of merchandise on credit, terms 3/15 n/30. The entry to record payment for the merchandise within the discount period under a
Day Company purchased $3,000 of merchandise on credit, terms 3/15 n/30. The entry to record payment for the merchandise within the discount period under a perpetual inventory system would include a A. credit to Purchase Discounts for $901 B. credit to Inventory for $90. C. debit to Accounts Payable for $1,940 D. debit to Inventory for $1,940
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