A company using a perpetual inventory system made the following entry:
A.A purchase of inventory at a discount.
B.A return of inventory for credit.
C.A sale of inventory on account.
D.A payment within the discount period for inventory previously purchased on credit.

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The Answer of A company using a perpetual inventory system made the following entry:
A.A purchase of inventory at a discount.
B.A return of inventory for credit.
C.A sale of inventory on account.
D.A payment within the discount period for inventory previously purchased on credit.

A Company Using a Perpetual Inventory System Made the Following