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Inventoriable goods were purchased on 5/4/x1, terms = 2/10, net 30, for $10,000. Using the perpertual inventory method, the journal entry to record the payment
Inventoriable goods were purchased on 5/4/x1, terms = 2/10, net 30, for $10,000. Using the perpertual inventory method, the journal entry to record the payment dated 5/13/x1 would be
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Inventoriable goods were purchased on 5/4/x1, terms =2/10, net 30 , for $10,000. Using the perpertual inventory method, the journal entry to record the payment dated 5/13/x1 would be a) A/P10,000Inventory200Cash9800 b) A/P10,000 Cash 10,000 C) A/P10,000PurReturn200 d) None of the aboveStep by Step Solution
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