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QUESTION 6 Norfolk Sporting Goods purchases merchandise with a catalog list price of $30,000. The retailer receives a 30% trade discount and credit terms of

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QUESTION 6 Norfolk Sporting Goods purchases merchandise with a catalog list price of $30,000. The retailer receives a 30% trade discount and credit terms of 2/10,n/30. What amount should Norfolk debit to the Inventory account? a. $20,580 b. $21,000 c. $29,400 d. $30,000

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