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On September 1, Vanessa purchased $9,000 of inventory items on credit with the terms 1/15, net 30, FOB destination. Freight charges were $500. Payment for
On September 1, Vanessa purchased $9,000 of inventory items on credit with the terms 1/15, net 30, FOB destination. Freight charges were $500. Payment for the purchase was made on September 18. Assuming Vanessa uses the perpetual inventory system and the net method of accounting for purchase discounts, what amount is recorded on September 1 as accounts payable from this purchase?
A)$9,000
B)$9,500
C)$9,410
D)None of the above
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