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Waterway's Market recorded the following events involving a recent purchase of merchandise: Received goods for $75000, terms 1/10,n/30. Returned $1100 of the shipment for credit.

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Waterway's Market recorded the following events involving a recent purchase of merchandise: Received goods for $75000, terms 1/10,n/30. Returned $1100 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 $73561 $74650. $73504 $74300

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