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Question - Jackie's Online Service on April 30 has the following account balances:
Sales $20,000
Sales Returns and Allowances 2,000
Purchases 14,000
Freight-In 1,000
Purchases Returns and Allow. 2,000
Purchases Discounts???
If net purchases for the period are $11,000, what is the amount in the Purchases Discounts account?
A) $3,000
B) $4,000
C) 2,000
D) $1,000
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