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On June 15, a food wholesaler sold 100 cases of canned soup to Juniper Foods for $90 per case with terms of 2/10, n/30. On
On June 15, a food wholesaler sold 100 cases of canned soup to Juniper Foods for $90 per case with terms of 2/10, n/30. On June 17, Juniper returned 20 cases of damaged inventory (and received full credit), along with a check for the amount due for the purchase. Given this information, the journal entry by Juniper Foods on June 17 will:
Select one:
A. Debit Cash for $7,056
B. Debit Accounts Receivable for $9,000
C. Credit Cash for $8,820
D. Credit Inventory for $1,944
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