During 2013, ABC Company purchased $100,000 of merchandise. To bring the merchandise to the warehouse, Charcoal paid
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During 2013, ABC Company purchased $100,000 of merchandise. To bring the merchandise to the warehouse, Charcoal paid $5,000 in freight costs. By paying within the discount period, they were able to take advantage of $2,000 of discounts offered. When the merchandise arrived, inspection revealed that $3,000 of goods were not as ordered and were returned to the supplier. The net purchases of Charcoal Company were
$90,000
$95,000
$105,000
$100,000
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