Business, 21.12.2019 03:31 extra678

Elkins corporation uses the perpetual inventory method. on march 1, it purchased $20,000 of inventory, terms 2/10, n/30. on march 3, elkins returned goods that cost $2,000.
on march 9, elkins paid the supplier. on march 9, elkins should credit :
a. purchase discounts for $400.
b. inventory for $400.
c. purchase discounts for $360.
d. inventory for $360.

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Elkins corporation uses the perpetual inventory method. on march 1, it purchased $20,000 of inventor...

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