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Several months ago, a company purchased some inventory on account. At that time, the company properly recorded the purchase. Today the company paid the amount

Several months ago, a company purchased some inventory on account. At that time, the company properly recorded the purchase. Today the company paid the amount owed. When recording this event today, the company would: Debit cash and credit accounts payable Debit inventory and credit accounts payable Debit accounts payable and credit cash Debit cash and credit inventory None of the above

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