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LBJ Company recorded the following events involving a recent purchase of merchandise. - Received goods for $75,000, terms 2/10, n/30 - Returned $2,500 of the
LBJ Company recorded the following events involving a recent purchase of merchandise. - Received goods for $75,000, terms 2/10, n/30 - Returned $2,500 of the shipment for credit due to damaged goods - Paid $1,200 for freight in - Paid the invoice within the discount period As a result of these events, the company's merchandise inventory (
increased by $72,250. increased by $72,176. increased by $75,876. increased by $73,700
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