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EX5#17: A retailer, using a perpetual inventory system, purchased goods on account for $3,000 with credit terms of 2/10, n/30. When it pays the amount

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EX5#17: A retailer, using a perpetual inventory system, purchased goods on account for $3,000 with credit terms of 2/10, n/30. When it pays the amount due within the discount period, the journal entry will include a DEBIT to: A. Accounts Payable for $3,000 B. Accounts Payable for $2,940 c. Inventory for $60 D. Cash for $2,940 EX5#18: A retailer, using a perpetual inventory system, purchased goods on account for $3,000 with credit terms of 2/10, n/30. When it pays the amount due within the discount period, the journal entry will include a CREDIT to: A. Accounts Payable for $3,000 B. Accounts Payable for $2,940 c. Accounts Payable for $2,940 and Inventory for $60 D. Cash for $2,940

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