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Business, 26.02.2020 02:54 trillsmith

During February, purchases were $100,000, all on account with terms 2/10, n/30. The cost to ship the purchases was $200 and the purchases were made FOB destination. Due to a problem in the color of some of the products, a purchase allowance was permitted in the amount of $1,000. All purchases were paid for in February, within the discount period. Total net activity in the inventory account in February was

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During February, purchases were $100,000, all on account with terms 2/10, n/30. The cost to ship the...

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