Dean Sportswear regularly buys sweaters from Mill Company is allowed trade discounts of 20% and...

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Accounting

Dean Sportswear regularly buys sweaters from Mill Company is allowed trade discounts of 20% and 10% from the list price.Dean made a purchase on March 20, 2010, and received an invoice with a list price of P600,000, a freight charge of P15,000 and payment terms of 2/10, n/30.

Dean should record the purchase at

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