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For a company using a perpetual inventory system, the journal entry to record the purchase of $4200 of goods on account, with terms of 4/10,

For a company using a perpetual inventory system, the journal entry to record the purchase of $4200 of goods on account, with terms of 4/10, n/30, would include a

debit to Inventory of $4032.

debit to Inventory of $4200.

debit to Accounts Payable of $4200.

credit to Accounts Payable of $4032.

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