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Tonys Market used the perpetual method to record the following events involving a recent purchase of inventory: Received goods for $76200, terms 2/7, n/30. Returned
Tonys Market used the perpetual method to record the following events involving a recent purchase of inventory: Received goods for $76200, terms 2/7, 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 companys inventory a.increased by $73500. b.increased by $75400. c.increased by $73892. d.increased by $73900.
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