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A sole trader bought office stationery costing $2,660 on credit from a supplier. A few...

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Accounting

A sole trader bought office stationery costing $2,660 on credit from a supplier. A few days later, he discovered that some of the stationery was of the wrong type and returned them. The returned stationery amounted to $119. A cheque of $1,720 was also issued to pay the supplier. What is the balance on the supplier account after these transactions?

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