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A company purchased $ 2 , 9 0 0 of merchandise on July 5 with terms 2 / 1 0 , n / 3 0
A company purchased $ of merchandise on July with terms n On July it returned $ worth of merchandise. On July it paid the full amount due. Assuming the company uses a perpetual inventory system, and records purchases using the gross method, the correct journal entry to record the payment on July is:
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