Question
Bargain WholeSalers sells pet supplies to retailers including Pet Word Supplies. Bargain Wholesalers uses perpetual inventory. (a) On May 4th, Bargain Wholesalers sells inventory to
Bargain WholeSalers sells pet supplies to retailers including Pet Word Supplies. Bargain Wholesalers uses perpetual inventory.
(a) On May 4th, Bargain Wholesalers sells inventory to Pet World Supplies for $,8,250.00 with terms 1/10, n/30. The cost of the merchandise is $5,755.00. (b) On May 13th, Bargain Wholesalers sells an additional $10,985.00 of inventory to Pet World Supplies with terms 1/10, n/30. The cost of the merchandise is $6,925.00. (c) On May 23rd, Bargain Wholesalers receives a check from Pet World Supplies payung the bakance due.
Determine the amount of discount taken on May 23rd?
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