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A company purchased $2.700 of merchandise on July 5 with terms 2/0,130. On July it returned $650 worth of merchandise.On My 12, it paid the

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A company purchased $2.700 of merchandise on July 5 with terms 2/0,130. On July it returned $650 worth of merchandise.On My 12, it paid the full amount due Assuming the company uses a perpen investory system, and records purchases using the gross method, the corect journal entry to record the payment on July 28 Murple Choice Debt Merchandise inventory 52.050. credit Cash $2.050. Debt Cash $2.050red Accounts Payabi 52.000 Debs Accounts Payale $2,050, credit Merchandise nemory 4, cred ca 52,009. Dulit here 12.002.700

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