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

Question 143

Multiple Choice

Tony's Market recorded the following events involving a recent purchase of inventory: Received goods for $80,000, terms 2/10, n/30.
Returned $1,600 of the shipment for credit.
Paid $400 freight on the shipment.
Paid the invoice within the discount period.
As a result of these events, the company's inventory


A) increased by $76,832.
B) increased by $78,800.
C) increased by $77,224.
D) increased by $77,232.

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