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Alison's dress shop buys dresses from McGuire Manufacturing. Alison purchased dresses from McGuire on July 17 and received an invoice with a list price amount

Alison's dress shop buys dresses from McGuire Manufacturing. Alison purchased dresses from McGuire on July 17 and received an invoice with a list price amount of $5,600 and payment terms of 3/10, n/30. Alison uses the net method to record purchases. Alison should record the purchase at:

Multiple Choice

  • $5,768.
  • $5,600.
  • $2,716.
  • $5,432.

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