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Purchase-Related Transactions Oppenheimer Company purchased merchandise on account from a supplier for $16,300, terms 1/10, 1/30. Oppenheimer Company returned $2,100 of the merchandise and received

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Purchase-Related Transactions Oppenheimer Company purchased merchandise on account from a supplier for $16,300, terms 1/10, 1/30. Oppenheimer Company returned $2,100 of the merchandise and received full credit. a. What is the amount of cash required for the payment within the discount period? 16,129.6 x b. Under a perpetual inventory system, what account is credited by Oppenheimer Company to record the return? Merchandise Inventory

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