EQuestion Help On June 1. Addison Company purchased $10,000 of inventory on account from Garrison...
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EQuestion Help On June 1. Addison Company purchased $10,000 of inventory on account from Garrison Company Garrison offers a 4% discount if payment is received within 15 days. Addison records the purchase using the gross method and the perpetual inventory system. The journal entry on June 1 by Addison Company includes O A. a debit to Inventory for $9,600 O B. a credit to Cash for $10,000 O C. a debit to Inventory for $10,000 O D. a credit to Accounts Payable for $9,600
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