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College Accounting 2nd Edition by David Haddock, John Price,Michael Farina
Edition 2ISBN: 978-0073396958College Accounting 2nd Edition by David Haddock, John Price,Michael Farina
Edition 2ISBN: 978-0073396958 Exercise 37
Computing a series of trade discounts.
Norville Distributors, a wholesale firm, made sales using the following list prices and trade discounts. What amount should be recorded for each sale?
1. List price of $3,500 and trade discounts of 25 percent and 15 percent.
2. List price of $4,200 and trade discounts of 25 percent and 15 percent.
3. List price of $2,550 and trade discounts of 20 percent and 10 percent.
Norville Distributors, a wholesale firm, made sales using the following list prices and trade discounts. What amount should be recorded for each sale?
1. List price of $3,500 and trade discounts of 25 percent and 15 percent.
2. List price of $4,200 and trade discounts of 25 percent and 15 percent.
3. List price of $2,550 and trade discounts of 20 percent and 10 percent.
Explanation
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College Accounting 2nd Edition by David Haddock, John Price,Michael Farina
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