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Tonys Market used the perpetual method to record the following events involving a recent purchase...

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Accounting

Tonys Market used the perpetual method to record the following events involving a recent purchase of inventory: Received goods for $85000, terms 2/7, n/30. Returned $1200 of the shipment for credit. Paid $300 freight on the shipment. Paid the invoice within the discount period. As a result of these events, the companys inventory

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