The Urban Florist is a wholesale shop that sells flowers, plants, and plant supplies. Transactions involving sales and cash receipts for the firm during May 20X1 follow. The firm sells its merchandise for cash and on open account. During May, The Urban Florist engaged in the following transactions:

INSTRUCTIONS
Record the transactions in a general journal. Use 12 as the page number.

Analyze: 

What was the amount of the cash discount taken by Annie’s Flowers on May 10?

Transcribed Image Text:

DATE 20X1 May 1 4 TRANSACTIONS Sold floral arrangements for $450 to Annie's Flowers; issued Invoice 9312 with terms of 2/10, n/30. Received a check for $1,176 from Orange County Florist in payment of Invoice 9299 of April 25 ($1,200), less cash discount ($24).