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On June 3 0 , 2 0 2 0 , Chesterton Inc. purchased merchandise for $ 2 , 5 0 0 on credit terms 2
On June Chesterton Inc. purchased merchandise for $ on credit terms n Chesterton accounts for purchase discounts using the gross method and follows a periodic inventory system. If Chesterton paid the balance in full on July Chestertons entry would include a:
Group of answer choices
Debit to Accounts Payable for $
Credit to Cash for $
None of the above
Debit to Purchase Discount for $
Credit to Inventory for $
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