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Annual insurance on the van is 500 as a result of the

Question - Becky's Blooms purchased a delivery van for $20,000. The company was given a $2,000 cash discount by the dealer, and paid $1,000 sales tax. Annual insurance on the van is $500. As a result of the purchase, by how much will Becky's Blooms increase its van account?

a. $20,000

b. $18,000

c. $19,500

d. $19,000

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Accounting Basics: Annual insurance on the van is 500 as a result of the

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Accounting Basics: Annual insurance on the van is 500 as a result of the

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