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(Solved): Moreland Moldings purchased goods on credit costing$85,000with terms of3/10n/30. Payment is made to ...



Moreland Moldings purchased goods on credit costing$85,000with terms of3/10n/30. Payment is made to the seller 7 days after the purchase. How would the payment be recorded? A) Debit Inventory for$2,550, debit Cash for$82,450, and credit Accounts Payable for$85,000. B) Debit Accounts Payable for$85,000, credit Cash for$82,450, and credit Cost of Goods Sold for$2,550. C) Debit Accounts Payable for$85,000credit Cash for$82,450, and credit Inventory for$2,550. D) Debit Accounts Payable and eredit Cash for$85,000



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