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Cullumber Company purchased goods on account with a cost of $900 on July 15, terms 2/10, net/30, on which a return of $100 is granted

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Cullumber Company purchased goods on account with a cost of $900 on July 15, terms 2/10, net/30, on which a return of $100 is granted on July 18. In the tabular analysis that follows the payment of the account in full on July 24 is recorded as a Assets Liabilities Stockholders' Equity Retained Earnings Cash + Inventory - Accounts Payable + Common Stock + Rev. Exp. Div. decrease to Cath $900 and a decrease Accounts Payable $900. decrease to Cash $784, an increase to Interest Expense $16, and a decrease to Accounts Payable $784 O decrease to Cash $800, a decrease to twentory $16, and a decrease to Accounts Payable $784. O decrease to Cash $784, a decrease to twentory $16, and a decrease to Accounts Payable $800

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