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    Exam 7: Special Journals and Subsidiary Ledgers: the Basics: Purchases and Cash Payments Journals
  5. Question
    Jackson Purchased $400 of Goods on Feb 8 and Received
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Jackson Purchased $400 of Goods on Feb 8 and Received

Question 71

Question 71

Multiple Choice

Jackson purchased $400 of goods on Feb 8 and received credit terms of 2/10, n/30. How much did he pay if payment was made on Feb 21?


A) $360
B) $408
C) $400
D) $392

Correct Answer:

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