Question: Harder Corporation uses the perpetual inventory method. On March 1, it purchased $30,000 of inventory, terms 2/10, n/30. On March 3, Harder returned goods that
Harder Corporation uses the perpetual inventory method. On March 1, it purchased $30,000 of inventory, terms 2/10, n/30. On March 3, Harder returned goods that cost $3,000. On March 9, Harder paid the supplier. On March 9, Harder should credit
a. Purchase discounts for $600.
b. Inventory for $600.
c. Purchase discounts for $540.
d. Inventory for $540.
a. Purchase discounts for $600.
b. Inventory for $600.
c. Purchase discounts for $540.
d. Inventory for $540.
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