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A Company That Uses the Perpetual Inventory System Purchased Inventory

Question 56

Multiple Choice

A company that uses the perpetual inventory system purchased inventory for $970,000 on account with terms of 3/7,n/20.Which of the following correctly records the payment made 15 days after the date of invoice?


A)
A company that uses the perpetual inventory system purchased inventory for $970,000 on account with terms of 3/7,n/20.Which of the following correctly records the payment made 15 days after the date of invoice? A) B) C) D)
B)
A company that uses the perpetual inventory system purchased inventory for $970,000 on account with terms of 3/7,n/20.Which of the following correctly records the payment made 15 days after the date of invoice? A) B) C) D)
C)
A company that uses the perpetual inventory system purchased inventory for $970,000 on account with terms of 3/7,n/20.Which of the following correctly records the payment made 15 days after the date of invoice? A) B) C) D)
D)
A company that uses the perpetual inventory system purchased inventory for $970,000 on account with terms of 3/7,n/20.Which of the following correctly records the payment made 15 days after the date of invoice? A) B) C) D)

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