A local conveniene store purchases merchandise with a catalog list price of $30,000. The store receives a

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A local conveniene store purchases merchandise with a catalog list price of $30,000. The store receives a 30% trade discount and credit terms of 1/10, n/30. What amount should be debited to the merchandise inventory account, if the convenience store paid on the last day of the discount period?

a. $21,000 b. $20,580 c. $20,790 d. $30,000

Posted Date: May 31, 2024 01:10 PM

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A local conveniene store purchases merchandise with a catalog list price of $30,000. The store receives a

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