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On August10, Charles Company purchased 75 refrigerators for$650 each from Appliances Wholesalers. The purchase was on account with terms of3/10, n/30. Charles Company paid for
On August10, Charles Company purchased 75 refrigerators for$650 each from Appliances Wholesalers. The purchase was on account with terms of3/10, n/30. Charles Company paid for 50 of the refrigerators on August 18 and the remaining refrigerators on August 30. Charles Company uses the gross method for purchase discounts and the perpetual inventory system to record the transactions. On August30, Charles Company recorded________.
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