Question
A company purchased $11,300 of merchandise on June 15 with terms of 2/10, n/45, and FOB shipping point. The freight charge, $1,150, was added to
A company purchased $11,300 of merchandise on June 15 with terms of 2/10, n/45, and FOB shipping point. The freight charge, $1,150, was added to the invoice amount. On June 20, it returned $1,840 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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The Practitioners Guide To Edp Auditing
Authors: Jack Mullen
1st Edition
0136912621, 978-0136912620
