Locust company purchased merchandise on account from a, Accounting Basics

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Locust company purchased merchandise on account from a

Question: Locust Company purchased merchandise on account from a supplier for $7,900, terms 2/10, n/30. Locust Company returned $900 of the merchandise and received full credit. a. If Locust Company pays the invoice within the discount period, what is the amount of cash required for the payment?

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Accounting Basics: Locust company purchased merchandise on account from a

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Accounting Basics: Locust company purchased merchandise on account from a

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