On June 15, the Greater Gravel Company Purchased $700 of Merchandise

Multiple Choice

On June 15, the Greater Gravel Company purchased $700 of merchandise on account from the Digga Ditch Company, terms 4/10, n/30. The goods were shipped F.O.B. shipping point. The freight charge of $40 was paid by Digga Ditch Company and added to the invoice. The amount to record in the Inventory account is

A) $700.
B) $740.
C) $672.
D) $712.