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Mark's Market recorded the following events involving a recent purchase of merchandise: Received goods for $50,000, terms 2/10, n/30. Returned $1,800 of the shipment for
Mark's Market recorded the following events involving a recent purchase of merchandise:
Received goods for $50,000, terms 2/10, n/30. |
Returned $1,800 of the shipment for credit. |
Paid $110 freight on the shipment. |
Paid the invoice within the discount period. |
As a result of these events, the company's merchandise inventory
A. | increased by $47,236. | |
B. | increased by $47,346. | |
C. | increased by $47,344. | |
D. | increased by $48,310. |
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