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Goods costing $1.500 are purchased on account on July 15 vwith credit terms of 3/10, n/30. On July 18, a $400 credit memo is

 

Goods costing $1.500 are purchased on account on July 15 vwith credit terms of 3/10, n/30. On July 18, a $400 credit memo is received from the supplier for damaged goods. Give the journal entry on July 24 to record payment of the balance due vwithin the discount period using a perpetual inventory system. (Credit account titles are automatically indented when the amount is entered. Do not indent manuaily.) Date Account Titles and Explanation Debit Credit Click if you would like to Show Work for this question: Qeen Sho Work

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