Answer:
Elegant GArdens
The amount recorded for each sale in the Sales Journal:
1. List price of $6,000 and trade discounts of 40 and 15 percent
a. $3,600 (with 40% trade discount).
b. $5,100 (with 15% trade discount).
2.List price of $7,300 and trade discounts of 25 and 8 percent
a. $5,475 (with 25% trade discount).
b. $6,716 (with 8% trade discount).
3.List price of $7,100 and trade discounts of 20 and 10 percent
a. $5,680 (with 20% trade discount).
b. $6,390 (with 10% trade discount).
Step-by-step explanation:
1. List price of $6,000 and trade discounts of 40 and 15 percent
a. $3,600 (with 40% trade discount)
= $6,000 * (1-40%)
= $6,000 * (1-0.4)
b. $5,100 (with 15% trade discount)
= $6,000 * (1-15%)
2.List price of $7,300 and trade discounts of 25 and 8 percent
a. $5,475 (with 25% trade discount).
= $7,300 * (1-25%)
b. $6,716 (with 8% trade discount).
= $7,300 * (1-8%)
3.List price of $7,100 and trade discounts of 20 and 10 percent
a. $5,680 (with 20% trade discount).
= $7,100 * (1-0.2)
b. $6,390 (with 10% trade discount).
= $7,100 * (1-10%)