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1. On October 10, Tridant Inc. purchased 5,000desks at an invoice price of $300 each and paid for them on October20, earning a 3% cash discount. Tridant sold all of the desks at$600 each. The customer earned a 1% cash discount.
a. What amount should Tridant report as net sales?
b. What amount should Tridant report as cost of goods sold?
great southern furniture ed koehler started great southern furniture five years ago to assemble prefabricated bedroom
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