3) Cabo Verde Corporation uses the perpetual inventory and the net method. On March 1, it purchased $30,000 of inventory, terms 2/10, n/30. On March
3) Cabo Verde Corporation uses the perpetual inventory and the net method. On March 1, it purchased $30,000 of inventory, terms 2/10, n/30. On March 3, Cabo Verde returned goods that cost $1,500. On March 9, Cabo Verde paid the supplier. What journal entry should Cabo Verde make on March 9?
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Authors: Horace R. Brock, Linda Herrington
6th Edition
0028034287, 978-0028034287
