Multiple Choice
Blocker Company recently acquired two items of equipment. The transactions are described below:
June 10:
Acquired a press at an invoice price of $5,000, subject to a 2% cash discount which was taken. Costs of freight and insurance during shipment were $120. Installation costs were $250.
November 12:
Acquired a welding machine at an invoice price of $4,000, subject to a 3% cash discount which was NOT taken. Additional welding supplies were acquired at a total cost of $200.
The increase in the equipment account as a result of the above transactions would be
A) $9,150.
B) $9,270.
C) $9,370.
D) $9,570.
Correct Answer:

Verified
Correct Answer:
Verified
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