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On October 1 0 , Silverman purchased 1 , 0 0 0 units of a product at $ 1 each with terms 2 / 1

On October 10, Silverman purchased 1,000 units of a product at $1 each with terms 2/10, n/30. What is the journal entry Silverman will make under perpetual method? aDebit: Inventory $1,000 Credit: Accounts Payable $1,000 bDebit: Cash $1,000 Credit: Sales cDebit: Inventory $1,000 Credit: Cash $1,000 dDebit: Cost of goods sold $1,000 Credit: Cash $1,000

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