You need $78,000 in 9 years. if you can earn .45 percent per month, how much will you have to deposit today? (do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.) deposit today $ 48,028.71 correct

Juniper company, inc. uses a perpetual inventory system. the company purchased $9,750 of merchandise on august 7 with terms 1/10, n/30. on august 11, it returned $1,500 worth of merchandise. on august 16, it paid the full amount due. the correct journal entry to record the payment on august 16 is: