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Time Out Sports Bar has elected to take advantage of a purchase discount offered by one of its beer suppliers. Time Out Sports Bar uses

Time Out Sports Bar has elected to take advantage of a purchase discount offered by one of its beer suppliers. Time Out Sports Bar uses a perpetual inventory system. Its payment terms from this supplier are 2/5, n/10. The bookkeeper is about to make the journal entry to record the payment for a $1,700 purchase, which was made during the discount period. The correct journal entry would be...............

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