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n/30. On 9. Sundberg Inc. bought $9,000 of merchandise on June 5 with terms 3/10, June 7, it returned $1,000 worth of merchandise. On June

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n/30. On 9. Sundberg Inc. bought $9,000 of merchandise on June 5 with terms 3/10, June 7, it returned $1,000 worth of merchandise. On June 14, it paid the entire amount due. How much did they pay? A. $1,000. B. $7,760. c, $7,758. D. $8,000. E. $9,000. 10. A company that uses the gross method of recording purchases and a perpetual ory system made a purchase of $1,200 with terms of3/10, n/60. The entry to record the purchase would be: A. Debit Merchandise Inventory $392; credit Accounts Payable $392. B. Debit Accounts Payable $1,200; credit Discounts Lost $36; credit Cash $1,164. C. Debit Merchandise Inventory $1,164; credit Cash for $1,164. D. Debit Merchandise Inventory $1,164; debit Discounts Lost $36; credit Accounts Payable $1,200 E. Debit Merchandise Inventory $1,200; credit Accounts Payable $1,200

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