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Oriole Company records purchases at net amounts. On May 5 Oriole purchased merchandise on account, $83000, terms 2/10, n/30. Oriole returned $6400 of the May
Oriole Company records purchases at net amounts. On May 5 Oriole purchased merchandise on account, $83000, terms 2/10, n/30. Oriole returned $6400 of the May 5 purchase and received credit on account. At May 31 the balance had not been paid. The amount to be recorded as a purchase return is
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