A company purchased $4.600 worth of merchandise. Transportation costs were an additional $405. The company returned $315 worth of merchandise and then paid the invoice within the 1% cash discount period. The 17 total cost of this merchandise is: Multiple Choice points $4,510.00. $4,476.00. $4,644.00. $4,64715. $4,690.00. O O

A company purchased $4.600 worth of merchandise. Transportation costs were an additional $405. The company returned $315 worth of merchandise and then paid the invoice within the 1% cash discount period. The 17 total cost of this merchandise is: Multiple Choice points $4,510.00. $4,476.00. $4,644.00. $4,64715. $4,690.00. O O

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Needed for the Correct answer
A. Sold merchandise on account, $11,500 with terms 2/10, net 30. The cost of the merchandise sold was $7,800. B. Received payment less the discount.
am. 103.