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Merchandise is purchased on account for $1,000,1/10,n/30. All discounts are recognized upon purchase. The entry to record this transaction will include a debit to: Merchandise

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Merchandise is purchased on account for $1,000,1/10,n/30. All discounts are recognized upon purchase. The entry to record this transaction will include a debit to: Merchandise cxpense for $1,000. Merchandise inventory for $990 Merchandse finentory for $1.000 Merchandoce expense for $990

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