Tony's Market used the perpetual method to record the following events involving a recent purchase of...
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Tony's Market used the perpetual method to record the following events involving a recent purchase of inventory: Received goods for $75800, terms 2/7, n/30. Returned $1700 of the shipment for credit. Paid $600 freight on the shipment. Paid the invoice within the discount period. As a result of these events, the company's inventory O increased by $73206. O increased by $72618. O increased by $74700. increased by $73218. Tony's Market used the perpetual method to record the following events involving a recent purchase of inventory: Received goods for $75800, terms 2/7, n/30. Returned $1700 of the shipment for credit. Paid $600 freight on the shipment. Paid the invoice within the discount period. As a result of these events, the company's inventory O increased by $73206. O increased by $72618. O increased by $74700. increased by $73218.
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Related Book For
Accounting
ISBN: 978-0176509743
Volume 1, 2nd canadian Edition
Authors: Carl warren, James Reeve, Jonathen Duchac, Sheila Elworthy,
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