A company using the perpetual inventory system purchased inventory worth $ 530 comma 000 on...
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Accounting
A company using the perpetual inventory system purchased inventory worth $ 530 comma 000 on account with credit terms of 2/15, n/45. Defective inventory of $ 40 comma 000 was returned 2 days later, and the accounts were appropriately adjusted. If the company paid the invoice 25 days later, the journal entry to record the payment would be ________.
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