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Kline Goods purchases merchandise with a catalog list price of $45,000. The retailer receives a 25% trade discount and credit terms of 2/10, n/30. What
Kline Goods purchases merchandise with a catalog list price of $45,000. 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?
none of the above
$33,075
$23,750
$33,525
Kline Goods purchases merchandise with a catalog list price of $45,000. 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? none of the above $33.075 $23.750 $33.525Step by Step Solution
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