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Silverado Company purchased equipment having an invoice price of $8,000. The terms of sale were 2/10, n/30, and Silveradopaid within the discount period. In addition, Silverado paid $100 delivery charge, $130 installation charge, and $550 sales tax. The amount recorded as the cost of the equipment is?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9968000

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