transactions, assuming Albalnee Company uses a perpetual inventory system.
Feb. 2 Purchased $35,000 of merchandise on account, terms 2/10, n/30.
Feb. 5 Returned $700 of damaged merchandise for credit.
Feb. 11 Paid for the merchandise purchased within 10 days.
Hi there! Click one of our representatives below and we will get back to you as soon as possible.