Juniper Company Uses a Perpetual Inventory System and the Gross

question 210

Multiple Choice

Juniper Company uses a perpetual inventory system and the gross method of accounting for purchases. The company purchased $9,750 of merchandise on August 7 with terms 1/10, n/30. On August 11, it returned $1,500 worth of merchandise.
-On August 26, it paid the full mount due. The amount of the cash paid on August 26 equals:

• A) $9,652.50.
• B) $8,250.00.
• C) $9,750.00.
• D) $8,167.50.
• E) $8,152.50.

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Definitions:

P(B)

The probability notation representing the likelihood of event B occurring.

Indian Slave Trade

The historical practice of enslavement and trade of indigenous peoples of the Americas, especially prevalent during the European colonization era.

French Colonial Control

The period during which France established and maintained colonies in various parts of the world, notably in Africa, Asia, and the Americas, from the 16th to the 20th century.

Indian Slave Trade

The historic trade in Native American peoples for the purpose of forced labor, particularly prominent during European colonization of the Americas.