Assume the following data concerning a purchase of merchandise by Icon Co. on April 2:

April 2.	Purchased $4,000 of merchandise on account from Gamma Co., terms 2/10, n/30.
4.	Returned $2,000 of the merchandise purchased on April 2.
12.	Paid for the purchase of April 2 less the return and discount.

The purchase amount that Icon Co. would record on April 2 would be

$3,200.

$3,920.

$4,000.

Answer rating: 100% (QA)

The Correct Answer is 3920 The purch... View the full answer