Suppose a certain appliance store purchases the following items. Calculate the extended total after the trade discounts for each line, the invoice subtotal, and the invoice total. (Round your answers to the nearest cent.) Quantity Unit Merchandise Unit List Trade Discounts Extended Total 150 ea. Blenders $49.95 20/15/15 $ 400 ea. Toasters $37.88 20/10/10 $ 18 doz. Coffee Mills $244.30 30/9/6 $ 12 doz. Juicers $480.00 25/10/5 $ Invoice subtotal $ Extra 5 1 2% volume discount on total order − $ Invoice total $

Suppose a certain appliance store purchases the following items. Calculate the extended total after the trade discounts for each line, the invoice subtotal, and the invoice total. (Round your answers to the nearest cent.) Quantity Unit Merchandise Unit List Trade Discounts Extended Total 150 ea. Blenders $49.95 20/15/15 $ 400 ea. Toasters $37.88 20/10/10 $ 18 doz. Coffee Mills $244.30 30/9/6 $ 12 doz. Juicers $480.00 25/10/5 $ Invoice subtotal $ Extra 5 1 2% volume discount on total order − $ Invoice total $

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter6: Merchandising Transactions

Section: Chapter Questions

Problem 23Q: If a retailer purchased inventory in the amount of $680, terms 3/10, n/60, returned $120 of the...

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Question

Quantity

Unit

Merchandise

Unit List

Trade
Discounts

Extended
Total

150

ea.

Blenders

$49.95

20/15/15

400

ea.

Toasters

$37.88

20/10/10

doz.

Coffee Mills

$244.30

30/9/6

doz.

Juicers

$480.00

25/10/5

Invoice subtotal

Extra

volume discount on total order

− $

Invoice total

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