Big Elk Ski Shop is a retail store that sells ski equipment and clothing. Big Elk Ski Shop commenced business on September 1, 2013. The firm purchases merchandise on open account. The firm's purchases, purchases returns and allowances, and cash payments on account during September 2013 follow:
DATE TRANSACTIONS
2013
Sept. 2 Purchased ski boots for $5,600 plus a freight charge of $210 from Colorado Ski Shop, Invoice 6672, terms n/30.
3 Purchased skis for $11,200 from Alaska Supply Company, Invoice 5916; terms 1/10, n/30.
7 Received Credit Memorandum 165 for $900 from Colorado Ski Shop for return of damaged ski boots; the boots were originally purchased September 2 on Invoice 6672.
11 Purchased ski jackets for $4,000 from Cold Mountain Clothing Company, Invoice 4091, terms n/30.
12 Issued Check 104 to Alaska Supply Company in payment of Invoice 5916, dated September 3, less the cash discount.
22 Purchased ski poles for $3,760 plus a freight charge of $120 from Alaska Supply Company, Invoice 5950, terms 1/10, n/30.
23 Purchased ski pants for $2,250 from Swenson Ski Goods, Invoice 528, terms n/30.
25 Received Credit Memorandum 245 for $300 from Swenson Ski Goods for return of defective ski pants; the pants were originally purchased September'23 on Invoice 528.
27 Purchased ski sweaters for $2,600 plus a freight charge of $100 from Colorado Ski Shop, Invoice 6722, terms n/30.
30 Issued Check 110 to Colorado Ski Shop in payment of Invoice 6672, dated September 2, less the return of September 7.
INSTRUCTIONS
Record the transactions in a general journal. Use 1 as the journal page number.
Analyze:
What was the amount of the cash discount on September 12?