Junes Garden Supplies purchases merchandise on account from Lawn Supplies, Inc. The list price is $1,600, with

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June’s Garden Supplies purchases merchandise on account from Lawn Supplies, Inc. The list price is $1,600, with a trade discount of 25 percent, terms 1/10, n/30. June’s Garden Supplies pays the amount due within the cash discount period. What amount should June’s Garden Supplies pay to Lawn Supplies, Inc.?
a. $1,184
b. $1,200
c. $1,188
d. $1,212

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College Accounting A Contemporary Approach

ISBN: 9781260780352

5th Edition

Authors: David Haddock, John Price, Michael Farina

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