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A company purchased 53.800 of merchandise on July 5 with terms 3/10, n/30. On July 7, it returned $900 worth of merchandise. On July 12,

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A company purchased 53.800 of merchandise on July 5 with terms 3/10, n/30. On July 7, it returned $900 worth of merchandise. On July 12, 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 12 Mugle Choice Out Methandise reay $2.500, cred Cash $2,900 Ob Cash $2.300 Acourts Payable $2.900 Dest Accounts Peytile $2.500 qedt Marchandise Inventory $87, credit Cash $2,813 b Accounts Pays $3,800, credt Cash $1,800 Dept Actos Fay $2300, cred Cash $2.500 19

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