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Business, 24.12.2019 23:31 montanolumpuy

Acompany that uses the perpetual inventory system purchased inventory for $1,000,000 on account with terms of 4/7, n/20. which of the following correctly records the payment made 15 days after the date of invoice? 9)a) accounts payable 1,000,000 cash 1,000,000b) accounts payable 1,000,000 merchandise inventory 1,000,000c) accounts payable 1,000,000 merchandise inventory 100,000cash 900,000d) cash 1,000,000 accounts payable 1,000,000

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