A company purchased inventory for $ 3 comma 000 from a vendor on account, FOB...
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Accounting
A company purchased inventory for $ 3 comma 000 from a vendor on account, FOB shipping point, with terms of 2/10, n/30. The company paid $ 100 cash for freight in. The entry to record the payment of the invoice within 10 days of the invoice date by the purchaser would include ________. (Assume a perpetual inventory system.)
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