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On June 1, 2017, Sunland Company sold merchandise with a list price of $100000 to Wildhorse on account. Sunland allowed trade discounts of 30% and
On June 1, 2017, Sunland Company sold merchandise with a list price of $100000 to Wildhorse on account. Sunland allowed trade discounts of 30% and 20%. Credit terms were 2/15, n/40 and the sale was made f.o.b. shipping point. Sunlandprepaid $970 of delivery costs for Wildhorse as an accommodation. On June 12, 2017, Sunland received from Wildhorse a remittance in full payment amounting to
A) 55,850
B) 56,588
C) 55,980
D) 54,880
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