A corporate charter specifies that the company may sell up to 32 million shares of stock. The company issues 24 million shares to investors and later repurchases 9.0 million shares. The number of issued shares after these transactions have been accounted for is:

Multiple Choice

15 million shares.

23 million shares.

24 million shares.

16 million shares.

Accounts Payable had a balance of $18,340 at the beginning of the month. During the month, three debits in the amounts of $4,560, $11,160, and $14,660 were posted to Accounts Payable, and three credits in the amounts of $3,740, $9,640, and $12,840 were posted to Accounts Payable. What is the ending balance of the Accounts Payable account?

Multiple Choice

• $14,180.

• $48,720.

• $4,160.

• $22,500.

Item 17

Item 17

Willetta Company purchases inventory for $20,000 with terms 2/10, n/30. It then returns $3,000 of the inventory purchased to the supplier and also receives an allowance for defective inventory of $200. The company pays the amount due within the discount period. What is the amount of the discount that will be taken? (Round your answer to the nearest dollar amount.)

Multiple Choice

• $336

• $396

• $300

• $340