Purchases transactions Bowers Company purchased merchandise

Last updated: 10/24/2023

Purchases transactions Bowers Company purchased merchandise on account from Saunders Corp for 10 200 terms 1 10 n 30 Bowers returned merchandise with an invoice amount of 1 500 and received full credi a If Bowers Company pays the invoice within the discount period what is the amount of cash required for the payment If required round the answer to the nearest dollar b What account is debited by Bowers Company to record the return Accounts Payable Saunders Corp Accounts Receivable Cash Merchandise Inventory Purchases Sales Sales Returns and Allowances