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Under the perpetual inventory system what is the correct journal entry to account for when payment is made to a supplier after the discount period?
Under the perpetual inventory system what is the correct journal entry to account for when payment is made to a supplier after the discount period? Select one: O a. Dr. Cash and Cr. Inventory Ob. Dr. Accounts Payable, Cr. Purchase Discounts and Cr. Cash O c. Dr. Accounts Payable and Cr. Cash O d. Dr. Accounts Payable, Cr. Inventory and Cr. Cash
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