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(LO 7) Granite Company purchased a machine costing $131,000, terms 3/10, n/30. The machine was shipped FOB shipping point and freight charges were $3,100. The
(LO 7) Granite Company purchased a machine costing $131,000, terms 3/10, n/30. The machine was shipped FOB shipping point and freight charges were $3,100. The machine requires special mounting and wiring connections costing $11,100. When installing the machine, $2,600 in damages occurred. Compute the cost recorded for this machine assuming Granite paid within the discount period.
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$141,270.
$150,200.
$146,270.
$140,770.
$141,470.
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