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Barans Company purchased merchandise on account from a supplier for $14,000, terms 1/10,n/30. Barans Company returned $2,200 of the merchandise and received full credit. a.
Barans Company purchased merchandise on account from a supplier for $14,000, terms 1/10,n/30. Barans Company returned $2,200 of the merchandise and received full credit. a. If Barans Company pays the invoice within the discount period, what is the amount of cash required for the payment? $ b. What account is credited by Barans Company to record the return
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