Exercise 8.5 Recording purchases made with trade discounts. LO 8-1

Record the following transactions of Allen Inc.: (Round your answers to 2 decimal places)

DATE			TRANSACTIONS
2019
March	8		Purchased merchandise on credit from Alenikov Designs, Invoice 1091, list price $3,400, trade discounts of 30% and 20%; terms 3/10, n/30.
	17		Paid the amount owed on the purchase of March 8 from Alenikov Designs, less the 3 percent discount, Check 185.