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Purchased inventory worth 510,000 under perpetual inventory system with credit terms 3/15, n/45. Defective inventory of 80000 was returned 2 days later. The payment was
Purchased inventory worth 510,000 under perpetual inventory system with credit terms 3/15, n/45. Defective inventory of 80000 was returned 2 days later. The payment was made 20 days later. What is the journal entry for the payment
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