Question
1. Purchased $3,000 of inventory on account (terms 2%10/net 30 2 Paid $100 freight bill for #1 with a check 3 Paid invoice from transaction
| 1. Purchased $3,000 of inventory on account (terms 2%10/net 30 | |
| 2 | Paid $100 freight bill for #1 with a check |
| 3 | Paid invoice from transaction #1 above 8 days after invoice date |
| 4 | Sold 6 bikes to a customer for $200 each, on account. Cost of each bike was $120. Terms were Net 30 |
