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Question 3 1 p t s P & G Auto Parts sells parts to AAA Car Repair during 2 0 1 8 . P&G always

Question 3
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P&G Auto Parts sells parts to AAA Car Repair during 2018. P&G always offers rebates of 2% on purchases up to 60,000 and then offers an additional 1% discount on purchases above $60,000 if the customer's purchases for the year exceed 200,000. In the past, AAA normally purchases 300,000 in parts during a calendar year. On March 25,2018, AAA Car Repair purchased 74,000 of parts. The journal entry to record the purchase includes a credit to Sales Revenue for
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