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Zach's Market recorded the following events involving a recent purchase of merchandise: 1. Received goods for $60,000, term 3/10,n/30. 2. Returned $2,000 of the shipment
Zach's Market recorded the following events involving a recent purchase of merchandise:
1. Received goods for $60,000, term 3/10,n/30.
2. Returned $2,000 of the shipment for credit
3. Paid $450 freight on the shipment
4. Paid the invoice within the discount period.
As a result of these events, the company's merchandise inventory( Use a T Account!)
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