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Question 17 3 pts On January 12, Chirp Corp sold merchandise in the amount of $5,800 to Seeds and Company, with credit terms of
Question 17 3 pts On January 12, Chirp Corp sold merchandise in the amount of $5,800 to Seeds and Company, with credit terms of 2/10, n/30. The cost of the items sold is $4,000. Seeds and Company uses the perpetual inventory system. The journal entry that Seeds and Company will make on September 12 is: Purchases Accounts receivable Accounts payable Merchandise inventory Merchandise inventory Accounts payable O Purchases Accounts receivable 4,000 4,000 5,800 5,800 4,000 4,000 5,800 5,800
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