On September 1,Dondra purchased $9,500 of inventory items on credit with the terms 1/15,net 30,FOB destination.Freight charges were $200.Payment for the purchase was made on September 18.Assuming Dondra uses the perpetual inventory system and the net method of accounting for purchase discounts,what amount is recorded on September 1 as accounts payable from this purchase?
A) $9,700
B) $9,605
C) $9,500
D) $9,405
Correct Answer:
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