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Purchase-Related Transactions Oppenheimer Company purchased merchandise on account from a supplier for $12,700, terms 2/10, n/30. Oppenheimer Company returned $1,700 of the merchandise and received

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Purchase-Related Transactions Oppenheimer Company purchased merchandise on account from a supplier for $12,700, terms 2/10, n/30. Oppenheimer Company returned $1,700 of the merchandise and received full credit. a. What is the amount of cash required for the payment within the discount period? b. Under a perpetual inventory system, what account is credited by Oppenheimer Company to record the return? 4 Previous Check My Work 3:17 PM /19/2020 3

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