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Juniper Company uses a perpetual inventory system of accounting for purchases. The company purchased $9,750 of merchandise on August 7 with terms 1/10,n/30. On August

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Juniper Company uses a perpetual inventory system of accounting for purchases. The company purchased $9,750 of merchandise on August 7 with terms 1/10,n/30. On August 11, it returned $1,500 worth of merchandise. On August 26, it paid the full amount due. The amount of the cash paid on August 26 equals: $8,250.00 $9.750.00 $8,167.50 O $9,652.50

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