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Assume Andersons General Store bought, on credit, a truckload of merchandise from American Wholesaling costing...

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Accounting

Assume Andersons General Store bought, on credit, a truckload of merchandise from American Wholesaling costing $22,600. If the company was charged $610 in transportation cost by National Trucking, immediately returned goods to American Wholesaling costing $1,100, and then took advantage of American Wholesalings 1/10, n/30 purchase discount.

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