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nika2105 [10]
3 years ago
10

On May 1, Ace Bonding Company purchased inventory costing $2,000 on account with terms 2/10, n/30. On May 18, Ace pays for this

inventory and records which of the following using a perpetual inventory system? A. Accounts Payable 2,000 Cash 2,000 B. Accounts Payable 1,960 Inventory 40 Cash 2,000 C. Accounts Payable 2,000 Inventory 40 Cash 1,960 D. Cash 2,000 Accounts Payable 2,000
Business
1 answer:
Fofino [41]3 years ago
4 0

Answer:

A

Explanation:

The correct answer is:

A. Accounts Payable 2,000 Cash 2,000

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