A Retailer Purchases Merchandise with a Catalog List Price of $15,000

question 22

Multiple Choice

A retailer purchases merchandise with a catalog list price of $15,000. The retailer receives a 30% trade discount and credit terms of 2/10, n/30. What amount should the retailer debit to the Merchandise Inventory account?

• A) $4,500
• B) $10,500
• C) $10,290
• D) $14,700

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