Perpetual Inventory - Purchase Discounts Video Lessons

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Problem: A Company purchased $1,800 of merchandise on July 5 with terms 2/10, n/30. On July 7, it returned $200 worth of merchandise. On July 28, the cash paid is: a. $1,600 b. $200 c. $1,800 d. $1,568

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Problem Details

A Company purchased $1,800 of merchandise on July 5 with terms 2/10, n/30. On July 7, it returned $200 worth of merchandise. On July 28, the cash paid is:

a. $1,600

b. $200

c. $1,800

d. $1,568

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Based on our data, we think this problem is relevant for Professor Faughnan's class at GMU.