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Inventory is sold on account to a customer. The retailer uses a periodic inventory system. When the customer pays within the cash discount period which

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Inventory is sold on account to a customer. The retailer uses a periodic inventory system. When the customer pays within the cash discount period which accounts are debited and credited? Select one: a. debit cash; debit sales discount credit accounts receivable b. debit accounts receivable; credit sales discount; credit cash c. debit cash; debit purchase discount credit accounts receivable d. debit account receivable; credit purchase discount credit cash

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