Business, 27.08.2021 04:30 kedjenpierrelouis

A company that uses the net method of recording purchases and a perpetual inventory system purchased $3,600 of merchandise on July 5 with terms 2/10, n/30. On July 7, it returned $800 worth of merchandise. On July 28, it paid the full amount due. The correct journal entry to record the payment on July 28 is:

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A company that uses the net method of recording purchases and a perpetual inventory system purchased...

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