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Question 3 Anderson's Soccer Ball Company uses a perpetual inventory system. The beginning balance in its Inventory account is $3,500, and the ending balance is

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Question 3 Anderson's Soccer Ball Company uses a perpetual inventory system. The beginning balance in its Inventory account is $3,500, and the ending balance is $2,000. Cost of goods sold is $6,500. What was the amount of inventory purchased during the year? Not yet answered Marked out of 2.50 P Flag question Select one A $5,000 B. $8,000 C. $1.000 D. $2.500 Question 4 Not yet answered Travel Co. sold merchandise to Trapani Co on account. $17.000, terms 2/15, net 45. The cost of the merchandise sold is $15,400. Travelll Coissued an allowance for $1,750 for merchandise returned that originally cost $1,400 Trapani Co paid the invoice within the discount period. What is amount of net sales from the above transactions? Marked out of 2.50 P Flag question Select one A $17,000 B. $15,250 CS14.945 D. None of these choices

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