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Business, 19.06.2020 03:57 bm42400

816A company purchased $1,900 of merchandise on July 5 with terms 2/10, n/30. On July 7, it returned $250 worth of merchandise. On July 12, it paid the full amount due. Assuming the company uses a perpetual inventory system, and records purchases using the gross method, the correct journal entry to record the payment on July 12 is:000-12540-18810-397100

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816A company purchased $1,900 of merchandise on July 5 with terms 2/10, n/30. On July 7, it returned...
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