Business, 10.08.2021 01:00, comeonmanim
Stan’s Market used the perpetual method to record the following events involving a recent purchase of inventory: Received goods for $119000, terms 2/15, n/30. Returned $2000 of the shipment for credit. Paid $400 freight on the shipment. Paid the invoice within the discount period. As a result of these events, the company’s inventory:
a) increased by $114660.
b) increased by $117400.
c) increased by $115052.
d) increased by $115060.
Answers: 3
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Stan’s Market used the perpetual method to record the following events involving a recent purchase o...
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