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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?

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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? 1. List price of $3,400 and trade discounts of 20 percent and 10 percent 2. List price of $4,100 and trade discounts of 20 percent and 10 percent 3. List price of $2,450 and trade discounts of 30 percent and 20 percent. Amount to be recorded 2. 3

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