Question: On March 1 , Davis Co . purchased inventory on account for $ 7 1 0 with 2 1 0 , n 3 0
On March Davis Co purchased inventory on account for $ with terms
of sale. Davis Co uses the perpetual approach to account for inventory. On March goods
with a cost of $ were returned to the seller by Davis Co since they were the wrong color.
Davis Co paid the seller the full remaining amount due on March If Davis Co records purchases at the net price, what was the entry to record the payment made on March
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