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Jake's Market Recorded the Following Events Involving a Recent Purchase

Question 43

Multiple Choice

Jake's Market recorded the following events involving a recent purchase of merchandise: Received goods for $60,000, terms 2/10, n/30.
Returned $1,200 of the shipment for credit.
Paid $300 freight on the shipment.
Paid the invoice within the discount period.
As a result of these events, the company's inventory increased by


A) $57,624.
B) $57,918.
C) $57,924.
D) $59,100.

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