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Jake's Market recorded the following events involving a recent purchase of merchandise: Received goods for $50,000, terms 2/10, n/30. Returned $1,000 of the shipment for
Jake's Market recorded the following events involving a recent purchase of merchandise: Received goods for $50,000, terms 2/10, n/30. Returned $1,000 of the shipment for credit. Paid $250 freight on the shipment. Paid the invoice. Payment of $100 freight on goods sold. As a result of these events, the company's inventory increased by a. $48, 020. b. $48, 265. c. $49, 150. d. $49, 250.
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