Angie's Blooms Purchased a Delivery Van for $20,000

question 41

Multiple Choice

Angie's Blooms purchased a delivery van for $20,000. The company was given a $2,000 cash discount by the dealer, and paid $1,000 sales tax. Annual insurance on the van is $500. As a result of the purchase, by how much will Angie's Blooms increase its van account?

• A) $20,000
• B) $18,000
• C) $19,500
• D) $19,000

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Definitions:

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