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On August 1, our company purchases $1,000 worth of merchandise inventory on credit with the...

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Question

Accounting

On August 1, our company purchases $1,000 worth of merchandise inventory on credit with the terms 2/10, n/30. What is the amount we would credit to cash if we pay this invoice on August 12? Group of answer choices

$1,000

$998

$990

$980

Answer & Explanation Solved by verified expert
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