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Question Help Suppose The Toy Tent uses the perpetual inventory system and buys $140,000 of Polly Pockets toys on credit terms of 3/15, n/30.
Question Help Suppose The Toy Tent uses the perpetual inventory system and buys $140,000 of Polly Pockets toys on credit terms of 3/15, n/30. Some of the goods are damaged in shipment, so The Toy Tent returns $15,000 of the merchandise to Polly Pockets. How much must The Toy Tent pay Polly Pockets a. After the discount period? b. Within the discount period? a. How much must The Toy Tent pay Polly Pockets after the discount period? Original purchase amount by The Toy Tent Less Purchase returns Amount owed by The Toy Tent after purchase return and after the discount period
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