Norfolk Sporting Goods purchases merchandise with a catalog list ...

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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]

Answer to Question 1

b

Answer to Question 2

T

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Thank you

[cat123]

Happy to help you