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... On November 5, Edgar Store, purchased merchandise with a list price $ 7,000 with a trade discount of 10%. Credit terms are 4/15, n/60.

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On November 5, Edgar Store, purchased merchandise with a list price $ 7,000 with a trade discount of 10%. Credit terms are 4/15, n/60. Edgar Store paid this account on November 21. In the journal entry to record the payment, what amount was credited to Merchandise Inventory

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