On March 1, Ryan's Company purchased $125,000 of merchandise on account with terms 2%/15, net 30. The merchandise was also subject to trade discounts of 20% and 10%. If the company paid within the discount period, what amount would be recorded to inventory? 

Answer rating: 100% (QA)

To calculate the amount recorded to inventory when Ryans Company pays within the discount period fol... View the full answer