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Norfolk Sporting Goods purchases merchandise with a catalog list price of $14,610. The retailer receives a 39% trade discount and credit terms of 2/10, n/30.
Norfolk Sporting Goods purchases merchandise with a catalog list price of $14,610. The retailer receives a 39% 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.
a.$20,130
b.$14,610
c.$8,734
d.$8,912
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