Mount Company purchased a machine at an invoice cost of $26,000 subject to terms of 2/10, n/30. The discount was taken. Additional costs were installation, $1,200; insurance on the machine after it was in operation, $300. The total cost to be added to the machinery account is:

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The Answer of Mount Company purchased a machine at an invoice cost of $26,000 subject to terms of 2/10, n/30. The discount was taken. Additional costs were installation, $1,200; insurance on the machine after it was in operation, $300. The total cost to be added to the machinery account is:

Mount Company Purchased a Machine at an Invoice Cost of $26,000