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Stylon Co., a women's clothing store, purchased $48,000 of merchandise from a supplier on account, termsFOB destination, 2/10, n/30, using the net method under a
Stylon Co., a women's clothing store, purchased $48,000 of merchandise from a supplier on account, termsFOB destination, 2/10, n/30, using the net method under a perpetual inventory system. Stylon returned merchandise with an invoice amount of $7,500, receiving acredit memo.
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