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Find what amount should delilah record purchases on october

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Reference no: EM132833156

Problem 1: Delilah Trading regularly buys its inventory from Mae Company and is allowed trade discount of 20% from the list price. Delilah made a purchase on October 5, and received an invoice with a list price of ?45,000, a freight charge of ?2,500, and payment terms of 2/10, net 30 days. Both companies use periodic inventory system. At what amount should Delilah record Purchases on October 5?

a. ?47,500

b. ?36,000

c. ?45,000

d. ?38,500

Reference no: EM132833156

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