Question
8) China Co. records purchases at net amounts. On June 5 China purchased merchandise on account, $73,000, terms 3/10, n/30. China returned $3,000 of the
8) China Co. records purchases at net amounts. On June 5 China purchased merchandise on account, $73,000, terms 3/10, n/30. China returned $3,000 of the June 5 purchase and received credit on account. At June 30 the balance had not been paid. What is the amount to be recorded as a purchase return?
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Accounting And Order
Authors: Mahmoud Ezzamel
1st Edition
0415482615, 978-0415482615
