Purchasing merchandise vs buying supplies, Financial Accounting

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Purchasing merchandise vs buying supplies

Response to the following questions:

1. Why would a vendor offer a cash discount to a customer?

2. What is recorded in the general amount columns of the cash payments journal?

3. What is the difference between purchasing merchandise and buying supplies?

4. What is meant by terms of sale 2/10, n/30?

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Financial Accounting: Purchasing merchandise vs buying supplies

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Financial Accounting: Purchasing merchandise vs buying supplies

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