Walsh Retailers Purchased Merchandise with a List Price of $50,000

question 57

Multiple Choice

Walsh Retailers purchased merchandise with a list price of $50,000, subject to trade discounts of 20% and 10%, with no cash discounts allowable.Walsh should record the cost of this merchandise as

• A)$35,000.
• B)$36,000.
• C)$39,000.
• D)$50,000.

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