Alison's dress shop buys dresses from McGuire Manufacturing. Alison purchased dresses from McGuire on July 17 and received an invoice with a list price amount of $6,500 and payment terms of 2/10, n/30. Alison uses the net method to record purchases. Alison should record the purchase at O $6,630. O $3,105. O $6,370. O $6,500.

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Author:Erwin Kreyszig
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Alison's dress shop buys dresses from McGuire Manufacturing. Alison purchased dresses from McGuire on July 17 and received an invoice with a list price amount of $6,500 and payment terms of 2/10, n/30. Alison uses the net
method to record purchases. Alison should record the purchase at:
O $6,630.
O $3,185.
O $6,370.
O $6,500.
Transcribed Image Text:Alison's dress shop buys dresses from McGuire Manufacturing. Alison purchased dresses from McGuire on July 17 and received an invoice with a list price amount of $6,500 and payment terms of 2/10, n/30. Alison uses the net method to record purchases. Alison should record the purchase at: O $6,630. O $3,185. O $6,370. O $6,500.
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