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 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.

Question

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The Answer of 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 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.

Juniper Company Uses a Perpetual Inventory System and the Gross