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Norfolk Sporting Goods purchases merchandise with a catalog list price of $14,866. The retailer receives a 23% trade discount and credit terms of 2/10, n/30.
Norfolk Sporting Goods purchases merchandise with a catalog list price of $14,866. The retailer receives a 23% trade discount and credit terms of 2/10, n/30. What amount should Norfolk debit to the Inventory account? Round your answer to the nearest whole dollar. Oa. $14,866 Ob. $11.218 Oc. $18,056 Od. $11,447
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