Exhibit 8-2 Walters Co

Multiple Choice

Exhibit 8-2 Walters Co.purchased raw materials with a catalog price of $70, 000 on March 2, 2010.Credit terms of 4/20, n/60 applied.Walters uses a perpetual inventory system and the net price method.
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Refer to Exhibit 8-2.If Walters pays for the purchase on March 18, 2010, what amount is recorded in the purchase discounts taken account?

A) $ 0
B) $ 2, 800
C) $14, 000
D) $28, 000