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A company purchased $ 3 , 2 0 0 of merchandise on July 5 with terms 2 1 0 , n 3 0 . On
A company purchased $ of merchandise on July with terms 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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