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Options for blanks: Inventory Cost of Goods Sold Accounts Payable Cash Discount Expense Under the perpetual inventory system, you buy merchandise under the terms 2/10,

image text in transcribedOptions for blanks:

Inventory

Cost of Goods Sold

Accounts Payable

Cash

Discount Expense

Under the perpetual inventory system, you buy merchandise under the terms 2/10, n/30. You pay off a $100 account payable within the discount period. The entry when you pay for the merchandise is S: 100 2 498

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