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1. How much is the Credit to Trade Discount? 2. How much is the Invoice Price? 3. How much is the Net Purchase? Shown below
1. How much is the Credit to Trade Discount?
2. How much is the Invoice Price?
3. How much is the Net Purchase?
Shown below is the purchase transaction of TRICK COMPANY. Invoice Date: 2/2/2021 Payment Date: 2/29/2021 List Price Trade Discount % Trade Discount Invoice Price Freight Cost 15,000 10% 15% ? ? 860 Freight Terms Returns Credit Terms Cash Discount Net Purchase FOB Destination; 3,000 5/10, 3/15,1/25 n/30Step by Step Solution
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