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Alison's Dress Shop Buys Dresses from McGuire Manufacturing

Question 34

Multiple Choice

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 $6,000 and payment terms of 2/10, n/30. Alison uses the net method to record purchases. Alison should record the purchase at:


A) $5,940.
B) $5,880.
C) $6,000.
D) $6,120.

Correct Answer:

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