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Business, 01.11.2019 06:31 kenoknox

He following information was drawn from the year 1 accounting records of ozark merchandisers: inventory that had cost $16,200 was sold for $25,920 under terms 2/20, net/30. customers returned merchandise to ozark five days after the purchase. the merchandise had been sold for a price of $624. the merchandise had cost ozark $480. all customers paid their accounts within the discount period. selling and administrative expenses amounted to $2,592. interest expense paid amounted to $220. land that had cost $6,200 was sold for $7,750 cash.

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He following information was drawn from the year 1 accounting records of ozark merchandisers: inven...
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