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Learning Objective PI: Analyze and Feliu a perpetual system Payment within Discount Period: Journal Entry On November 12, Z-Mart paid the amount due on the

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Learning Objective PI: Analyze and Feliu a perpetual system Payment within Discount Period: Journal Entry On November 12, Z-Mart paid the amount due on the purchase of November 2. (61) Nov. 12 500 Accounts Payable Merchandise Inventory.. Cash"...... Paid for goods within discount period. "$500 X (100% -2%) 10 490

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