inventory costing $4,800 is sold for $6,900 with terms 3/10, n/30. If the buyer pays within the discount period, what amount will be reported on the income statement as net sales?
a.)$2,100
b.)$5,145
c.)$6,900
d.)$6,693
Solution: d.)$6,693
net sales = $6,900 - $6,900x 3%
= $6,900 - $207
= $6,693
inventory costing $4,800 is sold for $6,900 with terms 3/10, n/30. If the buyer pays within...
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