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i. TF06-026 Under the perpetual inventory system, a company purchases merchandise on terms 2/10, n/30. The entry to record the purchase will include a debit

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i. TF06-026 Under the perpetual inventory system, a company purchases merchandise on terms 2/10, n/30. The entry to record the purchase will include a debit to Cash and a credit to Sales True e False Feedback Check My Work Correct 2. TF.06-040 If merchandise costing $3,500, terms FOB destination, 2/10, n/30, with prepaid freight costs of $125, is paid ithin 10 days, the amount of the purchases discount is $70. e True False Feedback t naid within 10 days, the $3.500

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