Melbourne Company purchased merchandise with a list price of $3,300. The credit terms were 2/10, n/30. Assuming that Melbourne paid for the merchandise during the discount period, the cost of goods sold for this transaction would be $2,970.

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The Answer of Melbourne Company purchased merchandise with a list price of $3,300. The credit terms were 2/10, n/30. Assuming that Melbourne paid for the merchandise during the discount period, the cost of goods sold for this transaction would be $2,970.

Melbourne Company Purchased Merchandise with a List Price of $3,300