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Briggs corporation uses the perpetual inventory method. On march 1, it purchased $10,000 of inventory, terms 2/10, n/30. On March 3, Briggs returned goods that
Briggs corporation uses the perpetual inventory method. On march 1, it purchased $10,000 of inventory, terms 2/10, n/30. On March 3, Briggs returned goods that cost $1,000. On march 9, Briggs paid the supplier. On march 9, Briggs should credit a) Purchase disconts for $200 b) Inventory for $200 c) Purchase discounts for $180 d) Inventory for $180
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