• Merchandise is purchased on open credit for $800,000.
• $100,000 is returned to suppliers, the amount of which is credited to our account.
• Suppliers grant rebates on account of the debt for $50,000.
• Suppliers are paid $400,000.
• Merchandise is purchased on credit for $950,000, for which a 30-day promissory note is signed.
• The previous purchase is returned to its suppliers
for $70,000.
• Suppliers grant discounts on the last purchase of $80,000, which they credit to the account.
• Suppliers are paid $500,000.