1 Determine the cost recorded in the journal for the following situation;
Blazing Co. is looking for a new stove and has narrowed down their purchase to two different stoves.
Stove 1 cost 1,500
Stove 2 costs 1,700
Negotiated cost for Stove #2 1,400

They ran the numbers and decided that they want to purchase stove #1
They were able to negotiate the price on stove #1 to be $50.00 cheaper.

Cost of Stove