Stan's Market recorded the following events involving a recent purchase of merchandise:
Received goods for $\$ 20,000$, terms $2 / 10 , n / 30$.
Returned $\$ 400$ of the shipment for credit.
Paid $\$ 100$ freight on the shipment.
Paid the invoice within the discount period.

As a result of these events, the company's merchandise inventory

Question

Stan's Market recorded the following events involving a recent purchase of merchandise: 
Received goods for $\$ 20,000$, terms $2 / 10 , n / 30$.
Returned $\$ 400$ of the shipment for credit.
Paid $\$ 100$ freight on the shipment.
Paid the invoice within the discount period.

As a result of these events, the company's merchandise inventory

Quizplus · Accepted Answer

The company's merchandise inventory increased by $19,308 as a result of these events. The company received goods for $20,000, returned $400 of the shipment for credit, and paid $100 freight on the shipment. The company paid the invoice within the discount period, so the total cost of the merchandise is $19,308 ($20,000 - $400 - $100 + $208).

Stan's Market Recorded the Following Events Involving a Recent Purchase $20,000\$ 20,000$20,000

Stan's Market Recorded the Following Events Involving a Recent Purchase $\$ 20,000$