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Purchases transactions Bowers Company purchased merchandise on account from Saunders Corp. for $28,000, terms 1/10, n/30. Bowers returned merchandise with an invoice amount of $5,500
Purchases transactions Bowers Company purchased merchandise on account from Saunders Corp. for $28,000, terms 1/10, n/30. Bowers returned merchandise with an invoice amount of $5,500 and received full credit. a. If Bowers Company pays the invoice within the discount period, what is the amount of cash required for the payment? fill in the blank 1 of 1$ b. What account is debited by Bowers Company to record the return? Accounts Payable-Saunders Corp
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