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Whats the correct answer and why? 11. On May 1, Fusilli Pasta Corp. purchased inventory costing $2.000 on account with terms 2/10, n/30. On May

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Whats the correct answer and why?
11. On May 1, Fusilli Pasta Corp. purchased inventory costing $2.000 on account with terms 2/10, n/30. On May 8, Fusili Pasta pays for this inventory and records which of the following using a perpetual inventory system? Debit Czedit 2,000 Accounts Payable Cash 2,000 b. Accounts Payable 1,960 Inventory 40 Cash 2,000 Accounts Payable 2.000 Inventory 40 Cash 1,960 d. Cash 2,000 Accounts Payable 2,000 12. Coradoba, Inc. reported the following amounts in its income statement Advertising Expense Interest Expense Salaries Expense Utilities Expense Income Tax Expense Cost of Goods Sold Sales Revenue $780,000 80,000 40,000 65,000 25,000 45,000 350,000 What was Corodoba's gross profit? $430,000 b. $175,000 c. $350,000 d. $215,000

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