Multiple Choice
A retailer purchases merchandise with a catalog list price of $25,000. The retailer receives a 30% trade discount and credit terms of 2/10, n/30. What amount should the retailer debit to the Merchandise Inventory account?
A) $7,500
B) $17,500
C) $25,000
D) $17,250
Correct Answer:
Verified
Correct Answer:
Verified
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