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Norfolk Sporting Goods purchases merchandise with a catalog list price of $13,600. The retailer receives a 36% trade discount and credit terms of 2/10, n/30.

Norfolk Sporting Goods purchases merchandise with a catalog list price of $13,600. The retailer receives a 36% trade discount and credit terms of 2/10, n/30. What amount should Norfolk debit to the merchandise inventory account? Oa. $13,600 Ob. $8,704 Oc. $8,530 Od. $174

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