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santa fe retailing merchandise from Mesa wholesalers with credit terms of 3 / 1 0 , n / 6 0 and an invoice price of

santa fe retailing merchandise from Mesa wholesalers with credit terms of 3/10, n/60 and an invoice price of 24,000. The merchandise had cost Mesa $16,000. assume that both buyers and sellers use a perpetual inventory system and the gross metho

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