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On July 5 a company purchased $3,600 of merchandise. On July 7, it returned $400 amount of merchandise. On July 8, it paid the balance
On July 5 a company purchased $3,600 of merchandise. On July 7, it returned $400 amount of merchandise. On July 8, it paid the balance in full, taking a 3% discount. The amount of the cash paid on July 8 equals: 2 marks a. $3,104 b. $ 400 c. $ 3,492 d. $3,600
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Cost Accounting A Managerial Emphasis
Authors: Horngren, Srikant Datar, George Foster, Madhav Rajan, Christ
6th Canadian edition
978-0133392883
