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On July 22,a Company That Uses the Perpetual Inventory System

Question 108

Multiple Choice

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) 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) B) C) D) E)
B) 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) B) C) D) E)
C) 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) B) C) D) E)
D) 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) B) C) D) E)
E) 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) B) C) D) E)

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