Question
Harvard Company purchased equipment having an invoice price of $19,900. The terms of sale were 3/10, n/30, and Harvard paid within the discount period. In
Harvard Company purchased equipment having an invoice price of $19,900. The terms of sale were 3/10, n/30, and Harvard paid within the discount period. In addition, Harvard paid a $150 delivery charge, $220 installation charge, and $945 sales tax. The amount recorded as the cost of this equipment is:
A.$20,618.
B.$19,673.
C.$21,215.
D.$20,270.
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Information Technology Auditing
Authors: Hall, J Scott Harr
3rd Edition
1133008046, 978-1439079119
