Juniper Company, Inc

question 254

Multiple Choice

Juniper Company, Inc. uses a perpetual inventory system. 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 amount due. The amount of the cash paid on August 26 equals:

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

---

Definitions:

Copyright

The exclusive legal right given to the originator or an assignee to print, publish, perform, film, or record literary, artistic, or musical material.

Digitized

Information measured and converted (from analog data) to a stream of numerical values.

Copyright Holder

The individual or entity possessing the exclusive rights to reproduce, distribute, perform, or display an original work.

E-Text

Electronic text; written work in digital form, which can be read on computers or other digital devices.