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Selected item Attempt Preview Preview In Window Small Prevlew Purchases Transactions Xanadu Company purchased merchandise...

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Accounting

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Selected item Attempt Preview Preview In Window Small Prevlew Purchases Transactions Xanadu Company purchased merchandise on account from a supplier for $10,100, terms 1/10, 1/30 Xanadu Company returned $1,900 of the merchandise and received full credit. a. If Xanadu Company pays the Invoice within the discount period, what is the amount of cash required for the payment? If required, round the answer to the nearest dollar 8,036 X b. What account is credited by Xanadu Company to record the return? Accounts Payable X Accounts Payable Accounts Receivable Cash Delivery Expense Merchandise Inventory Purchases Sales

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