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What alison should record the purchase at

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Reference no: EM132568518

Question 1: Alison's dress shop buys dresses from McGuire Manufacturing. Alison purchased dresses from McGuire on July 17 and received an invoice with a list price amount of $5,600 and payment terms of 3/10, n/30. Alison uses the net method to record purchases. Alison should record the purchase at:

Multiple Choice

Option 1: $5,768.

Option 2: $5,600.

Option 3: $2,716.

Option 4: $5,432.

Reference no: EM132568518

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