Question: BE5.3 (LO 2) C Novellus Electronics Store uses a perpetual inventory system. The company had the following transactions in March. Mar. 16 Purchased $15,000 of

BE5.3 (LO 2) C Novellus Electronics Store uses a perpetual inventory system. The company had the following transactions in March. Mar. 16 Purchased $15,000 of merchandise from Venus Distributors, terms 2/10, n/30, FOB destination. 18 Novellus Electronics Store received an allowance of $750 for the merchandise purchased on March 16 because of minor damage to the goods 25 Paid the balance due to Venus Distributors

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