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purchased merchandise from different suppliers on October 10, 2017, at a price of $35,000, subject to credit terms of 2/10, n/30. uses the gross method
purchased merchandise from different suppliers on October 10, 2017, at a price of $35,000, subject to credit terms of 2/10, n/30. uses the gross method for recording purchases and uses perpetual inventory system. pays one-half the payables on October 18 and the other half on November 10. On the day of the purchase.... Inventory is debited for $34,300 Inventory is debited for $35,000 Inventory is debited for $34,650 Cost of Goods Sold is debited for $35,000 O None of the above
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