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S sold T merchandise on account FOB shipping point, 3/10, net 30, for $10,000. S prepaid the $200 shipping charge. Using the perpetual inventory method,
S sold T merchandise on account FOB shipping point, 3/10, net 30, for $10,000. S prepaid the $200 shipping charge. Using the perpetual inventory method, which of the following entries will T make if T pays within the discount period? Group of answer choices Accounts Payable-S, debit $9,700; Transportation In, debit $200; Cash, credit $9,900 Accounts Payable-S, debit $9,900; Cash, credit $9,900 Accounts Payable-S, debit $10,000; Transportation In, credit $200; Cash, credit $9,800 Accounts Payable-S, debit $9,700; Inventory, debit $200; Cash, credit $9,900
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