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The Badenhorst company using the perpetual inventory system purchased inventory worth $ 5 0 0 , 0 0 0 on account with credit terms of
The Badenhorst company using the perpetual inventory system purchased inventory worth $ on account with credit terms of Defective inventory of $ days later, and the accounts were appropriately adjusted. If the company paid the invoice days later, the journal entry to record the payment would be
A $ debit to Accounts Payable and $ credit to Cash
B $ debit to Accounts Payable and $ credit to Cash
C $ debit to Accounts Payable, $ credit to Cash, and $ credit to Merchandise Inventory
D $ debit to Accounts Payable, $ credit to Merchandise Inventory, and $ credit to Cash
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