14 A company purchased $1,800 of merchandise on July 5 with terms 2//10,n//30. On July...
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14 A company purchased $1,800 of merchandise on July 5 with terms 2//10,n//30. On July 7 , it retumed $200 worth of merchandise On July 28 , it paid the full amount due. Assuming the company uses a perpefual inventory system, and records purchases using the gross method. The correct journal entry to record the purchase on July 5 is
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