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

Question 88

Multiple Choice

Stan's Market recorded the following events involving a recent purchase of inventory: Received goods for $120,000, terms 2/10, n/30.
Returned $2,400 of the shipment for credit.
Paid $600 freight on the shipment.
Paid the invoice within the discount period.
As a result of these events, the company's inventory


A) increased by $115,248.
B) increased by $118,200.
C) increased by $115,836.
D) increased by $115,848.

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