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Business, 23.04.2021 23:30 personm21

a company purchased $3000 of merchandise on july 5 with terms 3/10, n/30. On july 7, it returned $800 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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a company purchased $3000 of merchandise on july 5 with terms 3/10, n/30. On july 7, it returned $80...
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