Oliver’s English Gardens, a wholesale firm, made sales using the following list prices and trade discounts. What amount will be recorded for each sale in the sales journal?
1. List price of $7,000 and trade discounts of 30 and 10 percent
2. List price of $4,200 and trade discounts of 20 and 5 percent
3. List price of $10,800 and trade discounts of 25 and 15 percent