Select the correct Dr. and Cr. to record this event..... Your retail store uses Perpetual...
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Accounting
Select the correct Dr. and Cr. to record this event..... Your retail store uses Perpetual Inventory system for managing inventory. Your vendor offers credit terms of 2/10, net 30 on all transactions. You pay the invoice early within the grace period. Record this event. Note: The "rows" will shuffle for each student. Pay close attention to what each row is requiring.... and select the right Dr. and Cr. accordingly. . Will you dr. or cr...... Merchandise Inventory? Choose... Choose... Will you dr. or cr..... Accounts Payable? . Choose... Will you dr. or cr..... Cash
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