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Z-Mart Uses the Perpetual Inventory System and Recorded the Following

Question 76

Multiple Choice

Z-Mart uses the perpetual inventory system and recorded the following journal entry: Z-Mart uses the perpetual inventory system and recorded the following journal entry: The transaction was: A) A purchase and recognition of a cash discount taken. B) A return and payment of the account payable. C) A return. D) A purchase. E) A payment of the account payable and recognition of a cash discount taken. Z-Mart uses the perpetual inventory system and recorded the following journal entry: The transaction was: A) A purchase and recognition of a cash discount taken. B) A return and payment of the account payable. C) A return. D) A purchase. E) A payment of the account payable and recognition of a cash discount taken. The transaction was:


A) A purchase and recognition of a cash discount taken.
B) A return and payment of the account payable.
C) A return.
D) A purchase.
E) A payment of the account payable and recognition of a cash discount taken.

Correct Answer:

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