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D Question 7 0.5 pts Kline Goods purchases merchandise with a catalog list price of $40,000. The retailer receives a 25% trade discount and credit

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D Question 7 0.5 pts Kline Goods purchases merchandise with a catalog list price of $40,000. The retailer receives a 25% trade discount and credit terms of 2/10,n/30. What amount should Kline debit to the Merchandise Inventory account? $29,200 30,000 $29,400 none of the above

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