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Purchase of merchandise on account with return of merchandise. a . Merchandise is purchased on account, credit terms 2 1 0 , n 3 0

Purchase of merchandise on account with return of merchandise.
a. Merchandise is purchased on account, credit terms 210,n30,$4,000.
b. Merchandise is returned for credit before payment is made, $500.
c. Payment is made within the discount period.
Cash
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