Business, 15.04.2020 22:44, BrianKeokot4534

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, it paid the full amount due. Assuming the company uses a perpetual inventory system, and records purchases using the gross method, the correct journal entry to record the merchandise return on July 7 is:

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A company purchased $1,800 of merchandise on July 5 with terms 2/10, n/30. On July 7, it returned $2...