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Jake's Market recorded the following events involving a recent purchase of merchandise: Purchased goods for...

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Accounting

Jake's Market recorded the following events involving a recent purchase of merchandise: Purchased goods for $50,000, terms 2/10, n/30 Returned $1,000 of the merchandise purchased for credit on account Paid $250 freight on the merchandise purchased Paid the invoice within the discount period As a result of the above transactions, the change in the company's inventory was an increase of:

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