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If a company uses the perpetual inventory method, the journalentry to record a purchase of merchandise for $2,000 with terms of2/10, net 30 would include
If a company uses the perpetual inventory method, the journalentry to record a purchase of merchandise for $2,000 with terms of2/10, net 30 would include a debit to:
A. Purchases for inventory $1,960
B. Cost of Goods Sold for $,000
C. Inventory for $2,000
D Accounts Receivable for $1,960
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