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Malone Corporation uses the perpetual inventory method

Accounting

Malone Corporation uses the perpetual inventory method. On March 1, it purchased P30,000 of inventory, terms 2/10, n/30. On March 3, Malone returned goods that cost P3,000. On March 9, Malone paid the supplier. On March 9, Malone should credit a. purchase discounts for P600. b. inventory for P600. c. purchase discounts for P540. d. inventory for P540. 
 

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