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Which journal entry to record payment of outstanding amount

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Problem 1: On Sept. 2, Serpent Co. purchased inventory costing $3,000, terms were 1/10, n/30. The journal entry to record payment of the outstanding amount on Sept. 8 would include which of the following?

Choose all that apply.

Debit to Accounts Payable for $3,000
Debit to Accounts Payable for $2,970
Credit to Inventory for $30
Credit to Cash for $3,000

Reference no: EM132671249

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