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On May 28, XYZ Company purchased inventory for $29,000 on account....

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Accounting

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On May 28, XYZ Company purchased inventory for $29,000 on account. The discount terms were 6/20,n/50. XYZ Company paid one-fourth of its bil1 on June 3 , paid one-half of its bi11 on June 19, and paid the final one-fourth of its bil1 on July 1. Calculate the total amount of cash paid by XYZ Company for its purchase of inventory

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