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#12 The following table summarizes the sales for the month of July for Perfect Platters Wholesalers Inc. The table includes the terms, sales returns and
#12
The following table summarizes the sales for the month of July for Perfect Platters Wholesalers Inc. The table includes the terms, sales returns and when payment was collected for each sale.
Date | Sale Amount | Terms | Returns | Date Collected |
April 3 | $ 900 | 2/10, n/30 | $ 50 | April 9 |
April 5 | 1,300 | 3/10, n/30 | 200 | April 21 |
April 11 | 450 | 1/10, n/30 | 0 | April 13 |
April 18 | 2,300 | 4/10, n/60 | 520 | April 25 |
April 22 | 1,600 | 2/10, n/30 | 750 | May 5 |
Instructions
Calculate the cash received from each sale. Show your calculations.
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