January 5: Purchased 100 units of inventory on account for $20 each, terms 2/10, n/30....

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Accounting

January 5: Purchased 100 units of inventory on account for $20 each, terms 2/10, n/30.
January 8: Returned 10 units of inventory from the January 5 purchase due to defects.
January 12: Sold 60 units of inventory on account for $40 each, terms 1/15, n/45.
January 14: Received payment for the January 12 sale within the discount period.
January 18: Paid the supplier for the inventory purchased on January 5 within the discount period.

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