Question

Smallville Distributors, a wholesale firm, made sales using the following list prices and trade discounts. What amount should be recorded for each sale?
1. List price of $4,500 and trade discounts of 30 percent and 20 percent.
2. List price of $5,200 and trade discounts of 30 percent and 20 percent.
3. List price of $3,550 and trade discounts of 20 percent and 10 percent.



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  • CreatedAugust 08, 2014
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