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On February 12, Clare Purchased $490 of Merchandise on Account

Question 55

Multiple Choice

On February 12, Clare purchased $490 of merchandise on account from Larsen's Accessories, terms 5/10, n/30. The goods were shipped F.O.B. destination. The freight charge was $40. The amount to be recorded in the Accounts Payable Subsidiary ledger is: (Round your calculation to the nearest whole dollar.)


A) $466.
B) $515.
C) $490.
D) $530.

Correct Answer:

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