Question
Norfolk Sporting Goods purchases merchandise with a catalog list price of $15,117. The retailer receives a 28% trade discount and credit terms of 2/10, n/30.
Norfolk Sporting Goods purchases merchandise with a catalog list price of $15,117. The retailer receives a 28% 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. $10,667
b. $10,884
c. $19,132
d. $15,117
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Accounting An Introduction
Authors: Atrill Peter, Eddie McLaney
6th Edition
0273771833, 978-0273771838
