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Nieman Company purchased merchandise on account from a supplier for $6,800, terms 2/10,n/30. Nieman Company returned $1,600 of the merchandise and received full credit. a.
Nieman Company purchased merchandise on account from a supplier for $6,800, terms 2/10,n/30. Nieman Company returned $1,600 of the merchandise and received full credit. a. If Nieman Company pays the invoice within the discount period, what is the amount of cash required for the payment? $X b. What account is credited by Nieman Company to record the return
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