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    Exam 5: Accounting for Merchandising Operations
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    The Merchandise Inventory Account Is Used in Each of the Following
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The Merchandise Inventory Account Is Used in Each of the Following

Question 40

Question 40

Multiple Choice

The Merchandise Inventory account is used in each of the following except the entry to record


A) goods purchased on account.
B) the return of goods purchased.
C) payment of freight on goods sold.
D) payment within the discount period.

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