Waterway Corporation uses the perpetual inventory and the gross method. On March 1, it purchased $90000...

 

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Waterway Corporation uses the perpetual inventory and the gross method. On March 1, it purchased $90000 of inventory, terms 2/10, n/30. On March 3, Waterway returned goods that cost $7000. On March 9, Waterway paid the supplier. On March 9.. Waterway's entry to record the payment to the supplier should credit O purchase discounts for $1660. O purchase discounts for $1800. O inventory for $1660. O inventory for $1800. Waterway Corporation uses the perpetual inventory and the gross method. On March 1, it purchased $90000 of inventory, terms 2/10, n/30. On March 3, Waterway returned goods that cost $7000. On March 9, Waterway paid the supplier. On March 9.. Waterway's entry to record the payment to the supplier should credit O purchase discounts for $1660. O purchase discounts for $1800. O inventory for $1660. O inventory for $1800.

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