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Z-Mart Uses the Perpetual Inventory System and Recorded the Following

Question 51

Multiple Choice

Z-Mart uses the perpetual inventory system and recorded the following journal entry: Z-Mart uses the perpetual inventory system and recorded the following journal entry: The transaction was A) A purchase B) A return C) A return and payment of the account payable D) A payment of the account payable and recognition of a cash discount taken E) A purchase and recognition of a cash discount taken The transaction was


A) A purchase
B) A return
C) A return and payment of the account payable
D) A payment of the account payable and recognition of a cash discount taken
E) A purchase and recognition of a cash discount taken

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