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A) On Feb 15, the computer retailer Welcom Inc located in Lennoxville, Qc purchased laptops for $1,000.00 paid cash. Sales taxes (GST 50.00 and PST

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A) On Feb 15, the computer retailer Welcom Inc located in Lennoxville, Qc purchased laptops for $1,000.00 paid cash. Sales taxes (GST 50.00 and PST 99.75) were added to the invoice for a total of $1,149.75. Explain the impacts of this transaction on the company's financial statements. Date Impacts on Financial Statements (11) Feb 15 B) On Dec 30, Welcom purchased printers from a plant located in California with a FOB destination clause. Printers will be paid on January 8, upon delivery. At year's end, should printers appear on Welcom's Dec 31 financial statements? Explain why. C) Welcom has a credit term policy 3/10,n30. What does it mean? A) On Feb 15, the computer retailer Welcom Inc located in Lennoxville, Qc purchased laptops for $1,000.00 paid cash. Sales taxes (GST 50.00 and PST 99.75) were added to the invoice for a total of $1,149.75. Explain the impacts of this transaction on the company's financial statements. Date Impacts on Financial Statements (11) Feb 15 B) On Dec 30, Welcom purchased printers from a plant located in California with a FOB destination clause. Printers will be paid on January 8, upon delivery. At year's end, should printers appear on Welcom's Dec 31 financial statements? Explain why. C) Welcom has a credit term policy 3/10,n30. What does it mean

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