Smallville Distributors, a wholesale firm, made sales using the following list prices and trade discounts. What amount

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Smallville Distributors, a wholesale firm, made sales using the following list prices and trade discounts. What amount should be recorded for each sale?
1. List price of $4,500 and trade discounts of 30 percent and 20 percent.
2. List price of $5,200 and trade discounts of 30 percent and 20 percent.
3. List price of $3,550 and trade discounts of 20 percent and 10 percent.

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College Accounting A Contemporary Approach

ISBN: 978-0077639730

3rd edition

Authors: David Haddock, John Price, Michael Farina

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