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QUESTION 17 A company had the following transactions during January: Jan. 2 Purchased merchandise, invoice price of $16,000, with terms 2/10, n/30. Received a credit
QUESTION 17 A company had the following transactions during January: Jan. 2 Purchased merchandise, invoice price of $16,000, with terms 2/10, n/30. Received a credit memorandum for $4,000, the invoice price on merchandise 14 returned from the purchase of January 2. 12 Purchased merchandise, invoice price of $15,000, with terms 3/15, n/30. 26 Paid for the merchandise purchased on January 12. 30 Paid for the merchandise purchased on January 2. QUESTION 17 A company had the following transactions during January: Jan. 2 Purchased merchandise, invoice price of $16,000, with terms 2/10, n/30. Received a credit memorandum for $4,000, the invoice price on merchandise 14 returned from the purchase of January 2. 12 Purchased merchandise, invoice price of $15,000, with terms 3/15, n/30. 26 Paid for the merchandise purchased on January 12. 30 Paid for the merchandise purchased on January 2
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