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Question 27 (5 points) Weider, Inc. purchased and received 40 baseball gloves into inventory on March 3rd. The terms of the purchase are 2/10 Net

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Question 27 (5 points) Weider, Inc. purchased and received 40 baseball gloves into inventory on March 3rd. The terms of the purchase are 2/10 Net 30. Each glove cost $25 and the total cost of shipping the gloves to Weider was $20 (discount does not apply to shipping). The journal entry to record payment for this purchase within the discount period would involve which of the following? Credit to cash Credit to accounts payable Debit to inventory Debit to purchase discounts

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