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Elegant Gardens, a wholesale firm, made sales using the following list prices and trade discounts. What amount will be recorded for each sale in the
Elegant Gardens, a wholesale firm, made sales using the following list prices and trade discounts. What amount will be recorded for each sale in the sales journal?
i) List price of $6,000 and trade discounts of 40 and 15 percent
ii) List price of $7,300 and trade discounts of 25 and 8 percent
iii) List price of $7,100 and trade discounts of 20 and 10 percent
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