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ABC Inc purchased $9,000 inventory during the month of November from CDE Co. CDE applied a credit for a return of previously purchased inventory
ABC Inc purchased $9,000 inventory during the month of November from CDE Co. CDE applied a credit for a return of previously purchased inventory for $400. ABC paid for the shipping and transport insurance; $300 and $75 respectively. What amount will ABC record for the November inventory purchase? $8,325 $8,975 $8,600 $8,875 $9,000
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Core concepts of accounting information systems
Authors: Jacob M. Rose, Mark G. Simkin, Carolyn Strand Norman
13th edition
978-1-119-0332, 1118742931, 978-1118742938
