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Tony's Market used the perpetual method to record the following events involving a recent purchase of inventory: Received goods for $79000, terms 2/9, n/30. Returned
Tony's Market used the perpetual method to record the following events involving a recent purchase of inventory:
Received goods for $79000, terms 2/9, n/30.
Returned $1200 of the shipment for credit.
Paid $400 freight on the shipment.
Paid the invoice within the discount period.
As a result of these events, the company's inventory
increased by $76644.
increased by $76636.
increased by $76244.
increased by $78200.
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