« previous next »

Author Question: Norfolk Sporting Goods purchases merchandise with a catalog list price of 30,000 . The retailer ... (Read 103 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?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

Did you know?

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

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

An example of a medical history sheet to list patient problems. An example of a medical history sheet to list patient problems.
Interpret Tabular List Conventions Interpret Tabular List Conventions
The official “Do Not Use” list as issued by The Joint Commission. The official “Do Not Use” list as issued by The Joint Commission.
As China has embraced its version of capitalism, wealth has grown, as has consumption. Luxury goods ... As China has embraced its version of capitalism, wealth has grown, as has consumption. Luxury goods ...
Price of Computers, 1982–2010 Price of Computers, 1982–2010
Sonal bought a coat for $198.88, which included 8% PST and 5% GST. What was the selling price ... Sonal bought a coat for $198.88, which included 8% PST and 5% GST. What was the selling price ...
Video: X chromosome inactivation in calico cats

For a complete list of videos, visit our video library