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This Question: 1 pt 32 of 47 (45 complete) This Test: 47 pts possible On November 1, 2025, Ashton, Inc. purchased merchandise inventory for $35,000

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This Question: 1 pt 32 of 47 (45 complete) This Test: 47 pts possible On November 1, 2025, Ashton, Inc. purchased merchandise inventory for $35,000 by signing a note payable. The note is for 6 months and bears interest at a rate of 8%. The journal entry for the purchase of the merchandise using a perpetual inventory system would be: 35,000 35,000 35,000 O A. Accounts Payable Merchandise Inventory OB. Notes Payable Merchandise Inventory OC. Merchandise Inventory Notes Payable OD. Merchandise Inventory 35,000 35,000 35,000 35,000

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