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3 April, 09:29

Juniper company, inc. uses a perpetual inventory system. the company purchased $9,750 of merchandise on august 7 with terms 1/10, n/30. on august 11, it returned $1,500 worth of merchandise. on august 16, it paid the full amount due. the correct journal entry to record the purchase on august 7 is:

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  1. 3 April, 09:34
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    The amount would be - $8,167.50
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