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Main Street Distributors, a wholesale firm, made sales using the following list prices and trade discounts. Required: What amount should be recorded for each sale?
Main Street Distributors, a wholesale firm, made sales using the following list prices and trade discounts. Required: What amount should be recorded for each sale? 1. List price of $2,600 and trade discounts of 30 percent and 20 percent. 2. List price of $3,300 and trade discounts of 30 percent and 20 percent. 3. List price of $1,650 and trade discounts of 20 percent and 10 percent. 1. 2. Amount to be recorded 3
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