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Farthington Soccer Supplies purchases merchandise from a supplier on credit, terms 2/10,n/30 for $15,300. Assume the company uses a perpetual inventory system, and records purchases

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Farthington Soccer Supplies purchases merchandise from a supplier on credit, terms 2/10,n/30 for $15,300. Assume the company uses a perpetual inventory system, and records purchases using the gross method. When recording the payment of the invoice within the discount period in its cash disbursement journal, Farthington would enter: $14,994 in the Accounts Payable Dr. column and $14,994 in the Cash Cr. column. $15,300 in the Cash Cr. column and $15,300 in the Accounts Payable Dr. column. $15,300 in the Cash Cr. column and $15,300 in the Inventory Dr. column. o $15,300 in the Accounts Payable Dr. column: $14.994 in the Cash Cr.column; and $306 in the Inventory Cr. column $15,300 in the Inventory Cr. column: $14,994 in the Accounts Payable Dr. column; and $306 in the Inventory Cr. column

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