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Bedrock Wholesale has the following transactions during the month of October 2021: Oct. 1 Purchased inventory from Fred Inc. for $25,000, FOB destination, terms 2/10
Bedrock Wholesale has the following transactions during the month of October 2021:
Oct. 1 Purchased inventory from Fred Inc. for $25,000, FOB destination, terms 2/10 n/30.
Oct. 2 The appropriate company paid $100 freight on the October 1 purchase.
Oct. 6 Returned $3,000 worth of goods to Fred as they were the wrong colour.
Oct. 7 Sold half of the remaining inventory purchased from Fred to Wilma Inc. for $16,000, FOB destination, terms 2/20 n/30.
Oct. 8 The appropriate company paid $450 freight on the October 7 sale.
Oct. 10 Paid Fred the entire amount owed to him.
Oct. 12 Purchased inventory worth $15,000 from Barney Inc., FOB shipping point, terms 3/15 n/45.
Oct. 13 The appropriate company paid $225 freight on the October 12 purchase. Oct. 17 Sold half of the inventory purchased from Barney to Betty Ltd. for $10,000, FOB shipping point, terms 1/10 n/20.
Oct. 18 The appropriate company paid $80 freight on the October 17 sale.
Oct. 22 Betty returned $3,000 worth of the goods bought on October 17 as you shipped the wrong size.
Oct. 25 Betty paid their outstanding balance.
Oct. 30 Wilma paid their outstanding balance.
Oct. 31 Paid Barney the entire amount owed to him.
How much does Bedrock Wholesale pay Fred on October 10?
How much does Betty pay Bedrock Wholesale on October 25?
How much does Wilma pay Bedrock Wholesale on October 30?
How much does Bedrock Wholesale pay Barney on October 31?
Oct. 1 Purchased inventory from Fred Inc. for $25,000, FOB destination, terms 2/10 n/30.
Oct. 2 The appropriate company paid $100 freight on the October 1 purchase.
Oct. 6 Returned $3,000 worth of goods to Fred as they were the wrong colour.
Oct. 7 Sold half of the remaining inventory purchased from Fred to Wilma Inc. for $16,000, FOB destination, terms 2/20 n/30.
Oct. 8 The appropriate company paid $450 freight on the October 7 sale.
Oct. 10 Paid Fred the entire amount owed to him.
Oct. 12 Purchased inventory worth $15,000 from Barney Inc., FOB shipping point, terms 3/15 n/45.
Oct. 13 The appropriate company paid $225 freight on the October 12 purchase. Oct. 17 Sold half of the inventory purchased from Barney to Betty Ltd. for $10,000, FOB shipping point, terms 1/10 n/20.
Oct. 18 The appropriate company paid $80 freight on the October 17 sale.
Oct. 22 Betty returned $3,000 worth of the goods bought on October 17 as you shipped the wrong size.
Oct. 25 Betty paid their outstanding balance.
Oct. 30 Wilma paid their outstanding balance.
Oct. 31 Paid Barney the entire amount owed to him.
How much does Bedrock Wholesale pay Fred on October 10?
How much does Betty pay Bedrock Wholesale on October 25?
How much does Wilma pay Bedrock Wholesale on October 30?
How much does Bedrock Wholesale pay Barney on October 31?
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