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Norfolk Sporting Goods purchases merchandise with a catalog list price of $15,462. The retailer receives a 27% trade discount and credit terms of 2/10, n/30.
Norfolk Sporting Goods purchases merchandise with a catalog list price of $15,462. The retailer receives a 27% 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.$15,462 b.$11,062 c.$19,411 d.$11,287
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