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Waterway industries purchased $11,900 of merchandise on February 1,2025, subject to a trade discount of 10% and with credit terms of 3/15, N 60 .

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Waterway industries purchased $11,900 of merchandise on February 1,2025, subject to a trade discount of 10% and with credit terms of 3/15, N 60 . It returned $2,900 (gross price before trade or cash discount) on February 4. The invoice was paid on February 13. At what amount would the purchase on February 1 be recorded if the net method were used? (Round answer to 2 decimal places, e. 6.578.25) Net price

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