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Question
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 merchandise inventory account?
a. $21,000
b. $20,580
c. $30,000
d. $29,400
Answer
This answer is hidden. It contains 1 characters.
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