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A Company Using a Perpetual Inventory System Made the Following

Question 20

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A company using a perpetual inventory system made the following entry: A company using a perpetual inventory system made the following entry: What does this entry reflect? A) A purchase of inventory. B) A return of inventory. C) A sale of inventory. D) A payment for inventory previously purchased on credit with the payment made within the discount period. What does this entry reflect?


A) A purchase of inventory.
B) A return of inventory.
C) A sale of inventory.
D) A payment for inventory previously purchased on credit with the payment made within the discount period.

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