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WITCHER [35]
3 years ago
13

Alison's dress shop buys dresses from McGuire Manufacturing. Alison purchased dresses from McGuire on July 17 and received an in

voice with a list price amount of $5,700 and payment terms of 4/10, n/30. Alison uses the net method to record purchases. Alison should record the purchase at:
Business
1 answer:
Anettt [7]3 years ago
4 0

Answer:

$5,472

Explanation:

Calculation for Alison record of purchase :

First step

Invoice price ×Percentage of payment term

Where:

Invoice price =$5,700

Percentage of payment term =96%

(100%-4%)

Second step

$5,700×96%

=$5,472

Therefore Alison should record the purchase at: $5,472

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Answer:

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Explanation:

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