Acompany using the perpetual inventory system purchased inventory worth $550,000 on account with credit terms of 2/15, n/45. defective inventory of $70,000 was returned 3 days later, and the accounts were appropriately adjusted. if the company paid the invoice 25 days later, the journal entry to record the payment would be

Access office equipment has shifted to sales and service of laptops and pcs, where it has the potential to triple the number of its customers. the company is no longer offering repairs on older types of office equipment because the demand for service on this equipment is low, and profits in that part of the business have dropped significantly. access office equipment is implementing a strategy.