Use either the gross method or net method to record the following transactions 10/1 Purchased...
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Accounting
Use either the gross method or net method to record the following transactions
10/1 Purchased $5,000 of tables on account the terms of payment are 1/15n30
10/5 Returned $1,000 of tables to the supplier
10/14 Paid $3,000 of the balance due on the account
10/30 Paid the remaining balance due on the account
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