« previous next »

Author Question: Norfolk Sporting Goods purchases merchandise with a catalog list price of 30,000 . The retailer ... (Read 42 times)

clippers!

  • Hero Member
  • *****
  • Posts: 828
on: Jul 5, 2018
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

Question 2

Valid input data are appropriately authorized and represent actual economic events and objects.
  Indicate whether the statement is true or false


cat123

  • Sr. Member
  • ****
  • Posts: 310
Reply #1 on: Jul 5, 2018
Answer to Question 1

b

Answer to Question 2

T


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

clippers!

  • Hero Member
  • *****
  • Posts: 828
Reply #2 on: Jul 5, 2018
Thank you :)


cat123

  • Sr. Member
  • ****
  • Posts: 310
Reply #3 on: Jul 5, 2018
Happy to help you


« previous next »
 

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Did you know?

The horizontal fraction bar was introduced by the Arabs.

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Did you know?

The human body produces and destroys 15 million blood cells every second.

Did you know?

Medication errors are three times higher among children and infants than with adults.

Cane toad merchandise Cane toad merchandise
Worldly Goods Worldly Goods
Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896 Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896
Shippers Declaration for Dangerous Goods Shippers Declaration for Dangerous Goods
Ecosystem goods and services and monetary values Ecosystem goods and services and monetary values
Video: Structures that affect circulation - arterioles and vasomotor responses

For a complete list of videos, visit our video library