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Sunland Company uses the perpetual inventory and the gross method. On March 1, it purchased $53000 of inventory, terms 2/10, n/30. On March 3, Sunland

Sunland Company uses the perpetual inventory and the gross method. On March 1, it purchased $53000 of inventory, terms 2/10, n/30. On March 3, Sunland returned goods that cost $5300. On March 9, Sunland paid the supplier. On March 9, Sunland should credit

inventory for $1060.

purchase discounts for $954.

inventory for $954.

purchase discounts for $1060.

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