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Pharoah Flowers purchased a delivery van with a $55000 list price. The company was given a $6000 cash discount by the dealer and paid $2700

Pharoah Flowers purchased a delivery van with a $55000 list price. The company was

given a $6000 cash discount by the dealer and paid $2700 sales tax. Annual insurance on

the van is $1300. As a result of the purchase, by how much will Pharoah increase its

Equipment account?

a.$49000.

b.$53700.

c.$51700.

d.$55000.

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