Assuming uses perpetual inventory system and the net of, Accounting Basics

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Assuming uses perpetual inventory system and the net of

Problem

On September 1, Horton purchased inventory items on credit with the terms 1/15, net 30, FOB destination. Freight charges were $840. Payment for the purchase was made on September 18. Assuming uses perpetual inventory system and the net of accounting for purchase discounts, what amount is recorded as inventory from this purchase?

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Accounting Basics: Assuming uses perpetual inventory system and the net of

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Accounting Basics: Assuming uses perpetual inventory system and the net of

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