=+PR 6-4A Purchase-related transactions obj. 3 The following were selected from among the transactions completed by Sandusky

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=+PR 6-4A Purchase-related transactions obj. 3 The following were selected from among the transactions completed by Sandusky Company during December of the current year:

Dec. 3. Purchased merchandise on account from Hillsboro Co., list price $38,000, trade discount 25%, terms FOB shipping point, 2/10, n/30, with prepaid freight of $900 added to the invoice.

5. Purchased merchandise on account from Deepwater Co., $18,750, terms FOB destination, 2/10, n/30.

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Accounting

ISBN: 978-1111001346

23rd Edition

Authors: Carl S. Warren

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