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Walsh Retailers purchased merchandise with a list price of $50,000, subject to trade discounts of...

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Question

Accounting

Walsh Retailers purchased merchandise with a list price of $50,000, subject to trade discounts of 20% and 10%, with no cash discounts allowable. Walsh should record the cost of this merchandise as

a. $35,000.

b. $36,000.

c. $39,000.

d. $50,000.

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