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Norfolk Sporting Goods purchases merchandisw with a catalog list price of $13,700. The retailer recieves a 34% trade discount and credit terms of 2/10, n/30.

Norfolk Sporting Goods purchases merchandisw with a catalog list price of $13,700. The retailer recieves a 34% trade discount and credit terms of 2/10, n/30. What amount should Norfolk debit to the merchandise inventory account?

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