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How much will pina colada corp increase van account

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Reference no: EM132962892

Problem 1: Pina Colada Corp. purchased a delivery van with a $55000 list price. The company was given a $4200 cash discount by the dealer and paid $3100 sales tax. Annual insurance on the van is $1200. As a result of the purchase, by how much will Pina Colada Corp. increase its van account?

a $53900.
b $55000.
c $53800.
d $50800.

Reference no: EM132962892

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