Juniper Company uses a perpetual inventory system and gross accounting method for purchases. The company purchased goods
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Question:
Juniper Company uses a perpetual inventory system and gross accounting method for purchases. The company purchased goods for $9,750 on August 7 at terms of 1/10, n/30. He returned $1,500 worth of goods on August 11. He paid the full amount due on August 16.
Record the payment on August 16
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