a-company-purchases-inventory-for-15000-receives-a-discount-of-750-and-returns-1

Question

A company purchases inventory for $15,000, receives a discount of $750, and returns $1,500 worth of goods. How do these transactions affect the inventory account?

Accepted Answer

Inventory is increased by $12,750.

Answer

Inventory is increased by $13,500.

Answer

Inventory is increased by $14,250.

Answer

Inventory is increased by $15,000.

A company purchases inventory for \$15,000, receives a discount of \$750, and returns \$1,500 worth of goods. How do these transactions affect the inventory account?