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Business, 12.03.2020 06:05 Harms

A company that uses the net method of recording purchases and a perpetual inventory system purchases $1,800 of merchandise on july 5 with terms 2/10, n/30. on july 7, it returned $200 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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