A company purchases inventory on account for $45,000 with terms 2/10, n/30. Under the net method of accounting for purchases, the purchase would be recorded at:_______ a. $36,000. b. $40,500. c. $45,000. d. $44,100.
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The company purchases inventory on account for $45,000 with terms 2/10, n/30. This means that the company can take a 2% discount if they pay within 10 days, otherwise, the full amount is due within 30 days. Show more…
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