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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 $6,500 and payment terms of 3/10, n/30. Alison uses the net method to record purchases. Alison should record the purchase at: |
a) | $6,695. |
b) | $6,305. |
c) | $3,152. |
d) | $6,500. |
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