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Business, 19.06.2020 05:57 hello4540

Farthington Soccer Supplies purchases merchandise from a supplier on credit, terms 2/10, n/30 for $15,300. Assume the company uses a perpetual inventory system, and records purchases using the gross method. When recording the payment of the invoice within the discount period in its cash disbursement journal, Farthington would enter:

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Farthington Soccer Supplies purchases merchandise from a supplier on credit, terms 2/10, n/30 for $1...
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