On August 1, Neil Brothers bought goods with a list price of $17,300, terms 2/10,...

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Accounting

On August 1, Neil Brothers bought goods with a list price of $17,300, terms 2/10, n/30. The firm records purchases at invoice price, using the periodic inventory system. On August 5, Neil Brothers returned goods with a list price of $2,200 for credit.
If Neil Brothers paid the supplier the amount due on August 9, the appropriate entry would be:

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