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Business, 08.10.2019 22:00 viv1302

Purchases were made on account on august 5th in the amount of $100,000 with terms of 1/10, n/30. the bill was paid on august 14th. in a perpetual inventory system the journal entry to record the payment would include
a: a credit to accounts receivable for $100,000.
b: a debit to accounts payable for $99,000.
c: a credit to cash for $100,000.
d: a credit to inventory for $1,000.

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