Question
A company purchased $10,800 of merchandise on June 15 with terms of 3/10, n/45, and FOB shipping point. The freight charge, $900, was added to
A company purchased $10,800 of merchandise on June 15 with terms of 3/10, n/45, and FOB shipping point. The freight charge, $900, was added to the invoice amount. On June 20, it returned $1,440 of that merchandise. On June 24, it paid the balance owed for the merchandise taking any discount it is entitled to. The cash paid on June 24 equals:
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Blockchain Technology In Accounting And Auditing
Authors: Prof Oleksandr Melnychenko
1st Edition
1976900328, 978-1976900327
