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PART A: SHORT ANSWERS NO PARTIAL CREDIT (30%, 5 Points each) 1. An invoice of AED 600 for merchandise purchased is showing 2/15, 1/30 as
PART A: SHORT ANSWERS NO PARTIAL CREDIT (30%, 5 Points each) 1. An invoice of AED 600 for merchandise purchased is showing 2/15, 1/30 as terms of credit. If the invoice is paid on or before the fifteenth day after the invoice date, the amount to be paid is AED 2. Dublin, Inc. uses the periodic inventory system. On February 1, the corporation purchased inventory on account for AED 16,000. The terms were 4/10,n/30. On February 2, it returned damaged goods worth AED 600 to the supplier. What is the amount of the purchase discount? AED (Round your answers to the nearest dirham.). Paid 15 February (Round your
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