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NOVA Shoes, Inc. uses a perpetual inventory system. The company recorded the following events involving a recent purchase of inventory: Received goods for $80,000, terms
NOVA Shoes, Inc. uses a perpetual inventory system. The company recorded the following events involving a recent purchase of inventory: Received goods for $80,000, terms 3/10, n/30. Returned $1,600 of the shipment for credit. Paid $300 freight on the shipment. Paid the invoice within the discount period. As a result of these events, the company's inventory increased by $
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