Business, 22.04.2020 02:27 robertbyrd2017

Runge Company purchased machinery on January 1 at a list price of $300,000, with credit terms 2/10, n/30. Payment was made within the discount period. Runge paid $15,000 sales tax on the machinery and paid installation charges of $5,300. Prior to installation, Runge paid $12,000 to pour a concrete slab on which to place the machinery. What is the total cost of the new machinery?

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Runge Company purchased machinery on January 1 at a list price of $300,000, with credit terms 2/10,...

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