Tony's Market recorded the following events involving a recent purchase of merchandise:
Received goods for $50,000, terms 2/10, n/30.
Returned $1,000 of the shipment for credit.
Paid $250 freight on the shipment.
Paid the invoice within the discount period.
As a result of these events, the company's merchandise inventory
A) increased by $48,020.
B) increased by $49,250.
C) increased by $48,265.
D) increased by $48,270.
Correct Answer:
Verified
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