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Question 24 (1 point) Haymitch Corp. uses the perpetual and gross inventory methods. On June 1, the company purchased $65,700 of inventory, terms 3/10,
Question 24 (1 point) Haymitch Corp. uses the perpetual and gross inventory methods. On June 1, the company purchased $65,700 of inventory, terms 3/10, n/30. On June 3, Haymitch returned goods that cost $9,750. On June 9, Haymitch paid the supplier for the goods not returned. On June 9, Haymitch should credit a) inventory for $1,971.00 b) purchase discounts for $1,678.50 c) inventory for $1,678.50. d) purchase discounts for $1,971.00
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