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Question 17 Columbo Company recorded the following events involving a recent purchase of inventory: Received goods for $120,000, terms 2/10, n/30. Returned $2,400 of the

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Question 17 Columbo Company recorded the following events involving a recent purchase of inventory: Received goods for $120,000, terms 2/10, n/30. Returned $2,400 of the shipment for credit. Paid $600 freight on the shipment. Paid the invoice within the discount period. As a result of these events, the company's inventory: O increased by $115,836. increased by $115 248. o increased by $115,848 increased by $118,200. Previous

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