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May 1 Purchased merchandise with a price of $800 and credit terms of n/30. May 7 Returned merchandise that had a price of $100. May
| May 1 | Purchased merchandise with a price of $800 and credit terms of n/30. |
|---|---|
| May 7 | Returned merchandise that had a price of $100. |
| May 31 | Paid the amount due from the May 1 purchase, minus the May 7 return. |
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Basic Accounting Concepts Principles And Procedures Volume 1
Authors: Gregory Mostyn, Worthy And James
2nd Edition
0991423100, 978-0991423101
