Annabethh3534 Annabethh3534

28-04-2020
Business

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Kingbird, Inc. purchased a delivery truck with a $51000 list price. The company was given a $4300 cash discount by the dealer and paid $2700 sales tax. Annual insurance on the truck is $1400. As a result of the purchase, by how much will Kingbird, Inc. increase its truck account? $46700. $49400. $50800. $51000.

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alizaybhatti43 alizaybhatti43

29-04-2020

Answer:

Option B is correct.

Kingbird, Inc. increase its truck account by $49,400

Explanation:

As a result of the purchase, Kingbird, Inc. increase its truck account by:

=List price- cash discount + sales tax paid

=$51000- $4300 + $2700

=$49,400

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