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Question 25 of 32 -/15 View Policies Current Attempt in Progress On September 1, Waterway purchased $41500 of inventory items on credit with the terms
Question 25 of 32 -/15 View Policies Current Attempt in Progress On September 1, Waterway purchased $41500 of inventory items on credit with the terms 1/15, net 30, FOB destination. Freight charges were $800. Payment for the purchase was made on September 18. Assuming Waterway uses the perpetual inventory system and the net method of accounting for purchase discounts, what amount is recorded as the liability from this purchase? $41500. O $41085. O $42300 O $41885. Save for Later Attempts: 0 of 1 used Submit
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