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1. What is the net amount of cash paid to the supplier if: Credit purchases $12,000 out of which $2000 were rejected and subsequently returned to the supplier. Supplier allowed a discount of 1% on settlement of amount.

  • A. $10,000
  • B. $10,000
  • C. $10,000
  • D. $10,000

Answer: Option C

Explanation:

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