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A company recorded the following events involving a recent purchase of inventory: Received goods...

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Accounting

A company recorded the following events involving a recent purchase of inventory:

  • Received goods for $120,000, terms 2/10, n/30.
  • Returned $2,400 of shipment for credit.
  • Paid $600 freight on shipment.
  • Paid invoice within the discount period.

As a result, the companys inventory increased by how much?

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