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Mars Company purchased $2,425 of merchandise on account, terms 3/10 n60 if payment was made within the discount period, the entry to recond the payment
Mars Company purchased $2,425 of merchandise on account, terms 3/10 n60 if payment was made within the discount period, the entry to recond the payment under perpetual inventory system would include a credit to A. Cash for $2,352 B. Cash for $2,400 OC. Inventory for $2,352 OD. Accounts Payable for $2,400 CHIC
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