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Business, 01.08.2019 00:30 alkaline27

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

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