Question
Cranes Market recorded the following events involving a recent purchase of merchandise: Received goods for $50000, terms 1/10, n/30. Returned $1000 of the shipment for
Crane’s Market recorded the following events involving a recent purchase of merchandise: Received goods for $50000, terms 1/10, n/30. Returned $1000 of the shipment for credit. Paid $200 freight on the shipment. Paid the invoice within the discount period.
As a result of these events, the company’s inventory.
increased by$42669.
increased by $42763.
increased by $42769.
increased by $43200.
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Core Concepts of Accounting
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