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On August 1 , Neil Brothers bought goods with a list price of $ 1 7 , 3 0 0 , terms 2 / 1
On August Neil Brothers bought goods with a list price of $ terms n The firm records purchases at invoice price, using the periodic inventory system. On August Neil Brothers returned goods with a list price of $ for credit.
If Neil Brothers paid the supplier the amount due on August the appropriate entry would be:
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