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Business, 16.03.2020 21:28 belen27

On July 22, a company that uses the perpetual inventory system purchased merchandise inventory at a cost of $5,250 with credit terms 2/10, net 30. If the company pays for the purchase on August 1, what would be the appropriate journal entry?A. Merchandise Inventory 5,250Accounts Payable 5,250B. Accounts Payable 5,250Merchandise Inventory 5,250C. Purchase Discount 5,145Accounts Payable 5,145D. Accounts Payable 5,145Cash 5,145E. Accounts Payable 5,250Merchandise Inventory 105Cash 5,145

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