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Business, 18.02.2020 21:22 emilyswinge4421

Santa Fe Retailing purchased merchandise "as is" (with no returns) from Mesa Wholesalers with credit terms of 3/10, n/60 and an invoice price of $24,000. The merchandise had cost Mesa $16,000. Assume that both buyer and seller use a perpetual inventory system and the gross method.

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Santa Fe Retailing purchased merchandise "as is" (with no returns) from Mesa Wholesalers with credit...
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