A company purchased $1800 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 company purchased $1800 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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