K110. Crane Company purchased merchandise inventory with an invoice price of $13100 and credit terms of 2/10, r/30. What is the net costof the goods if Crane Company pays within the discount period?O $13100O$12838O $11790O$12052

The discount period is the last time to make payment with discounts allowed. The payment made…

Answered: Crane Company purchased merchandise…

Crane Company purchased merchandise inventory with an invoice price of $13100 and creat of the goods if Crane Company pays within the discount period? O $13100 O $12838 O $11790 $12052

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter6: Merchandising Transactions

Section: Chapter Questions

Problem 13Q: If a customer purchased merchandise in the amount of $340, terms 3/10, n/30, returned $70 of the...

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Question

K110.

Crane Company purchased merchandise inventory with an invoice price of $13100 and credit terms of 2/10, r/30. What is the net cost
of the goods if Crane Company pays within the discount period?
O $13100
O
$12838
O $11790
O
$12052

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