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Tony's Market, which uses a perpetual inventory system, recorded the following events involving a recent purchase of inventory: - received goods for $30,000, terms 2/10,
Tony's Market, which uses a perpetual inventory system, recorded the following events involving a recent purchase of inventory: - received goods for $30,000, terms 2/10, n/30 (recorded discount upon receipt of goods - returned $600 of the shipment for credit - paid $150 for freight on the shipment from the trucking company - paid the invoice within the discount period As a result of these events, the company's inventory: A. increased by $28,812 B. increased by $29,550 C. increased by $28,959 D. increased by $28,962
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