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Juniper Company, Inc. uses a perpetual inventory system. The company purchased $9,750 of merchandise on...

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Accounting

Juniper Company, Inc. uses a perpetual inventory system. The company purchased $9,750 of merchandise on August 7 with terms 1/10, n/30. On August 11, it returned $1,500 worth of merchandise. On August 16, it paid the full amount due. The amount of the cash paid on August 16 equals: $8,250.00. $9,652.50. $9,750.00. $8,167.50. $8,152.50.

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