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On March 1, Ryans Company purchased $125,000 of merchandise on account with terms 2%/15, net 30. The merchandise was also subject to trade discounts of
On March 1, Ryans Company purchased $125,000 of merchandise on account with terms 2%/15, net 30. The merchandise was also subject to trade discounts of 20% and 10%. If the company paid within the discount period, what amount would be recorded to inventory?
$125,000 $122,500 $88,200 $90,000
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