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OpenStudy (anonymous):
Levin Furniture buys a living room set with a $4,000 list price and a 55% trade discount. Freight (FOB shipping point) of $50 is not part of the list price. The invoice had an April 8 date. Levin received the goods on April 19 and paid the invoice on April 25. Assume a cash discount of 2/10, n/30, ROG.
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