Discount by the dealer


Kathy's Blooms purchased a delivery van for $20,000. The company was given a $2,000 cash discount by the dealer, and paid $1,000 sales tax. Annual insurance on the van is $500. As a result of the purchase, by how much will Kathy's Blooms increase its van account?

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Accounting Basics: Discount by the dealer
Reference No:- TGS063966

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