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Willetta Company purchases inventory for $22,000 with terms 2/10, n/30. It then returns $3,200 of...

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Accounting

Willetta Company purchases inventory for $22,000 with terms 2/10, n/30. It then returns $3,200 of the inventory purchased to the supplier and also receives an allowance for defective inventory of $220. The company pays the amount due within the discount period. What is the amount of the discount that will be taken? (Round your answer to the nearest dollar amount.)
Multiple Choice
$436
$320
$372
$376

Answer & Explanation Solved by verified expert
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