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On August 1, Camire Brothers bought goods with a list price of $9, 600, terms 2/10, n/30. The firm records purchases at invoice price, using
On August 1, Camire Brothers bought goods with a list price of $9, 600, terms 2/10, n/30. The firm records purchases at invoice price, using the periodic inventory system. On August 5, Camire Brothers returned goods with a list price of $1, 200 for credit. If Camire Brothers paid the supplier the amount due on August 9, the appropriate entry would be
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