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20 December, 20:01

Stan's Market recorded the following events involving a recent purchase of inventory:

- Received goods for $120,000, terms 2/10, n/30.

- Returned $2,400 of the shipment for credit.

- Paid $600 freight on the shipment.

- Paid the invoice within the discount period.

As a result of these events, the company's inventory:

a. increased by $115,848.

b. increased by $115,248.

c. increased by $118,200.

d. increased by $115,836.

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Answers (2)
  1. 20 December, 22:11
    0
    A. increased by $115,848.
  2. 20 December, 22:26
    0
    A. increased by $115848.
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