a ccompany 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 12, it paid the full amount due. Assuming the company uses a...


a ccompany 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 12, 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 payment on July 12 is:



Jun 10, 2022
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