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Business, 18.10.2021 22:20 andy2461

company uses the perpetual inventory system and recorded the following entry: Accounts Payable 2,500 Merchandise Inventory 50 Cash 2,450 This entry reflects a: Group of answer choices Sale of merchandise on credit. Payment of the account payable less a 1% cash discount taken. Return of merchandise. Purchase of merchandise on credit. Payment of the account payable less a 2% cash discount taken.

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company uses the perpetual inventory system and recorded the following entry: Accounts Payable 2,500...
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