Answered step-by-stepWudchuk Corp. purchased inventory in exchange for a $ 15,000...
Wudchuk Corp. purchased inventory in exchange for a $ 15,000 three-month short-term non-interest-bearing note. The note is to be discounted at 8 percent. What is the amount recorded for Inventory in Wudchuk's books?
A. $ 15,000
B. $ 13,800
C. $ 14,700
D. $ 15,300
Answer & Explanation
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