ssuming that you are a retail merchandiser. You bought goods from wholesale merchandiser under the credit terms of 2/10 n/30. Which of the following Journal entry will be recorded in your business assuming that you are using a periodic inventory system? a. Debit Purchase Credit Accounts payable b. Debit Cash Credit Accounts payable c. Debit Accounts receivable Credit Sales d. Debit Accounts payable Credit Purchase

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A:

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