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Z-Mart uses the perpetual inventory system and recorded the following journal entry 2,500 Accounts Payable Merchandise Inventory Cash 50 2.450 The whole transaction was Select

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Z-Mart uses the perpetual inventory system and recorded the following journal entry 2,500 Accounts Payable Merchandise Inventory Cash 50 2.450 The whole transaction was Select one A Payment of the account payable B. A purchase C A retum D. A purchase and recognition of a cash discount taken TO E A payment of the account payable and recognition of a cash discount laken

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