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What amount should be recorded for each sale

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Question 1: Main Street Distributors, a wholesale firm, made sales using the list prices and trade discounts. What amount should be recorded for each sale?

Point 1: List price of $6,000 and trade discounts of 40 percent and 15 percent.

Point 2: List price of $7,300 and trade discounts of 25 percent and 8 percent.

Point 3: List price of $7,100 and trade discounts of 20 percent and 5 percent.

Reference no: EM132474082

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