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?

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The Answer of 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 Company That Uses the Perpetual Inventory System Purchased Inventory