Assume the following data concerning a purchase of merchandise by Icon Co. on April 2:
April 2.
Purchased $4,000 of merchandise on account from Gamma Co., terms 2/10, n/30.
4. Returned $2,000 of the merchandise purchased on April 2.
12. Paid for the purchase of April 2 less the return and discount.
The purchase amount that Icon Co. would record on April 2 would be
$3,200.
$3,920.
$4,000.
None of these choices are correct.
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