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Anne Marie went to a merchandisers' market on January 6th and purchased 25 coffee tables at $62 each. The terms of payment of the invoice were 2% 10, Net 30. When she returned to her office on January 10th, she wrote out and mailed a check to pay the invoice.
Problem 1: What amount will Anne Marie record in her purchases account? Option 1: -$1,519
Option 2: -$1,835
Option 3: -$1,550
Option 4: -$1,804
Indirect, undistributed costs of $14,000 are to be allocated to two departments. Department "1" occupies 54% and department "2" occupies 46% of the total.
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The collection of accounts receivable is recorded by a:A)Debit to Cash and a debit to Accounts Receivable.B)Credit to Cash and a credit to Accounts Receivable.C)Debit to Cash and a credit to Accounts Receivable.D)Credit to Cash and a debit to Account..
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