Question
A company purchased $11,100 of merchandise on June 15 with terms of 2/10, n/45, and FOB shipping point. The freight charge was $1,050. On June
A company purchased $11,100 of merchandise on June 15 with terms of 2/10, n/45, and FOB shipping point. The freight charge was $1,050. On June 20, it returned $1,680 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:
A. $9,224.
B. $11,630.
C. $12,150.
D. $11,730.
E. $10,282.
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Accounting Accounting Made Simple For Beginners
Authors: Robert Briggs
1st Edition
1761032739, 978-1761032738
