Exercise 7.6 (Algo) Computing a trade discount. LO 7-2 Tsang Company made sales using the following list prices and trade discounts. Required: What amount should be recorded for each sale? 1. List price of $610 and trade discount of 20 percent. 2. List price of $710 and trade discount of 40 percent. 3. List price of $290 and trade discount of 30 percent. 1. 2. 23 3. Amount to be recorded D

Exercise 7.6 (Algo) Computing a trade discount. LO 7.2 Tsang Company made sales using the following list prices and trade discounts. Required: What amount should be recorded for each sale? 1. List price of $610 and trade discount of 20 percent. 2. List price of $710 and trade discount of 40 percent. 3. List price of $290 and trade discount of 30 percent