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Cullumber Industries purchased $12,500 of merchandise on February 1, 2017, subject to a trade discount of 10% and with credit terms of 3/15, n/60. It

Cullumber Industries purchased $12,500 of merchandise on February 1, 2017, subject to a trade discount of 10% and with credit terms of 3/15, n/60. It returned $2,300 (gross price before trade or cash discount) on February 4. The invoice was paid on February 13.

At what amount would the purchase on February 1 be recorded if the net method were used? (Round answer to 0 decimal places, e.g. 6,578.)

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