A corporation which uses a perpetual inventory system. The company purchased $5,000 of merchandise on...
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Accounting
A corporation which uses a perpetual inventory system. The company purchased $5,000 of merchandise on account on May 8th. Credit terms were 2/10, n/30. The company returned $500 of the merchandise on May 11th. The company paid off the bill on May 16th. The amount credited to inventory to record the payment would equal $__ expressed in whole dollars
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