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Question 8 4 pts Valdivia Company purchased merchandise inventory with an invoice price of $7,200 and credit terms of 2/10, n/30 on October 1. On

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Question 8 4 pts Valdivia Company purchased merchandise inventory with an invoice price of $7,200 and credit terms of 2/10, n/30 on October 1. On October 3, Valdivia returned $200 of the defective merchandise. Which of the following journal entries would be recorded on Valdivia's books if the payment was made on October 15? O DR: Accounts Payable $7.000CR: Cash $7.000 DR: Accounts Payable $7.200: CR: Inventory $144 and Cash $7,056 O DR: Accounts Payable $7,000; CR: Inventory $140 and Cash S6,860 O DR: Accounts Payable $6,860. CR: Cash $6,860 O DR: Accounts Payable $7.200; CR: Cash $7.200 D Question 9 4 pts Mitchell Company sold $250,000 merchandise inventory to Nate's Corp. with terms 4/10, n/30 on May 1. Nate's Corp. returned $5,000 of inventory on May 6. On May 8, Nate's Corp purchased inventory for $20,000 cash from Mitchell Company. If Nate's Corp. pays in full within the discount period what is the payment Mitchell will receive? When typing your responses, do NOT include a dollar sign. For example, if your answer is $10,000, you should be typing 10,000 or 10,000.00 without any dollar sign

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