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Checker pays within the discount period and subsequently discovers the merchandise is all defective

Accounting

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Checker pays within the discount period and subsequently discovers the merchandise is all defective. It is all returned for full credit.
The credit will not necessitate a journal entry as it will just be offset against the next purchase
The credit will be for $500
The credit will be to the Purchases account in Checker's general ledger
None of the above statements are correct
The credit will be for some other amount