Majestic Manufacturing sold Jordans Furniture a living room set for an $8,530 list price with 30% trade
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Majestic Manufacturing sold Jordans Furniture a living room set for an $8,530 list price with 30% trade discount. The $130 freight (FOB shipping point) was not part of the list price. Terms were 3/10, n/30 ROG. The invoice date was May 30. Jordans received the goods on July 18 and paid the invoice on July 20. What was the final price (include cost of freight) of the living room set? (Round your answer to 2 decimal places. Omit the "$" sign in your response.)
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Financial and Managerial Accounting
ISBN: 978-1285866307
13th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
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