Reference no: EM132919964
Question - Based on the following information, what would be recorded as purchases discount if the invoice is paid within the discount period?
1. $5,000 of merchandise inventory was ordered on April 2, 20Y8.
2. $2,000 of this merchandise was received on April 5, 20Y8.
3. On April 6, 20Y8, an invoice dated April 4, 20Y8, with terms of 2/10, net 30 for $2,150, which included a $150 prepaid freight cost, was received.
4. On April 10, 20Y8, $500 of the merchandise was returned to the seller.
a. $33
b. $100
c. $30
d. $43