A summary of Oriole Auto Parts Company's transactions and the effects of each on the...
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A summary of Oriole Auto Parts Company's transactions and the effects of each on the company's Inventory account are presented here. May 4: Purchase of $26,300 of inventory on account May 6: Paid $890 in freight charges May 8: Returned $780 of goods May 14: Paid within discount period and received a $340 purchase discount What is the ending balance in the Inventory account as a result of these transactions? Ending Balance $ GA I
A summary of Oriole Auto Parts Company's transactions and the effects of each on the company's Inventory account are presented here. May 4: Purchase of $26,300 of inventory on account May 6: Paid $890 in freight charges. May 8: Returned $780 of goods May 14: Paid within discount period and received a $340 purchase discount What is the ending balance in the Inventory account as a result of these transactions? Ending Balance
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