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On May 1, a company purchased inventory costing $2,000 on account with terms 210, 1/30. On May 8, the company pays for this inventory and

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On May 1, a company purchased inventory costing $2,000 on account with terms 210, 1/30. On May 8, the company pays for this inventory and records which of the following using a perpetual inventory system? 2,000 2,000 1,960 40 2,000 1. Accounts Payable Cash 2. Accounts Payable Inventory Cash 3. Accounts Payable Inventory Cash 4. Cash Accounts Payable 2,000 40 1,960 2,000 2,000 Multiple Choice Option 2 Option 1 O Option 3 Multiple Choice Option 2 Option 1 O Option 3 Option 4

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