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Bed Enterprise is engaged in the business of selling beds. During the current year 2019,...

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Accounting

Bed Enterprise is engaged in the business of selling beds. During the current year 2019, the total purchases recorded amounted to P1,500,000 on account 3/10, n/30. All purchase return and allowance was made within 7 days of purchase and prior to any payment of account.

Particulars Amount Purchase of beds - 1,500,000

Purchase return and allowance - 150,000

Purchase discount lost - 12,150

How much is the purchase discount taken during the year 2019?

A. P 12,150. B. P 28,350. C.P 30,000. D. P 40,500.

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