Question: Norfolk Sporting Goods purchases merchandise with a catalog list price of $13,500. The retailer receives a 23% trade discount and credit terms of 2/10, n/30.

Norfolk Sporting Goods purchases merchandise with a catalog list price of $13,500. The retailer receives a 23% trade discount and credit terms of 2/10, n/30. What amount should Norfolk debit to the merchandise inventory account?

a.$208

b.$10,187

c.$13,500

d.$10,395

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