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Business, 27.06.2020 02:01 ameliaparry123p2eupk
Assume the perpetual inventory method is used. The company purchased $12,300 of merchandise on account under terms 4/10, n/30. The company returned $1,800 of merchandise to the supplier before payment was made. The liability was paid within the discount period. All of the merchandise purchased was sold for $18,600 cash. What effect will the return of merchandise to the supplier have on the accounting equation
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Assume the perpetual inventory method is used. The company purchased $12,300 of merchandise on accou...
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