gracekoh5429 gracekoh5429

04-11-2022
Business

Answered

a 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:

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