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Jake's Market recorded the following events involving a recent purchase of merchandise: Received goods for $60,000, terms 2/10, n/30. Returned $1,200 of the shipment for
Jake's Market recorded the following events involving a recent purchase of merchandise:
Received goods for $60,000, terms 2/10, n/30. Returned $1,200 of the shipment for credit. Paid $300 freight on the shipment. Paid the invoice within the discount period.
As a result of these events, the company's inventory increased by:
$57,624. | ||
$57,918. | ||
$57,924. | ||
$59,100. |
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