Fabulous Fom sold inventory for $310,000, terms 3/10, n/30 Cost of goods sold was $183,000 How...

Question

Question

Answer 1

Answer #1

Answer is B

sales to be recorded = sales*(1-discount rate)

= 310000*(1-3%) = 300700

so net sales after discount would be recorded at a price of 300700

Answer 2

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