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Brimmes Company sells office supplies. The company has a stated return policy of 1 0 days from the date of sale. Management estimates that returns
Brimmes Company sells office supplies. The company has a stated return policy of days from the date of sale. Management estimates that returns will be of sales. Record the following transactions for Brimmes Company: Sept. Sold merchandise for $ on account to Alverstone Company, terms, n FOB destination. The original cost of the merchandise to Brimmes Company was $ The correct company pays freight charges of $ Alverstone returned goods with a selling price of $ and a cost of $ The goods are restored to inventory. Received the correct payment from Alverstone Company. Brimmes has a clearance sale and sells $ of goods to Lincoln Liquidators, FOB shipping point. Brimmes specifies that no returns will be allowed for this sale, but offers Lincoln terms of The goods cost Brimmes $ The correct company pays freight charges of $ Received the correct payment from Lincoln Liquidators.
Brimmes Company sells office supplies. The company has a stated return policy of days from
the date of sale. Management estimates that returns will be of sales. Record the following
transactions for Brimmes Company:
Sept. Sold merchandise for $ on account to Alverstone Company, terms, n FOB
destination. The original cost of the merchandise to Brimmes Company was $
The correct company pays freight charges of $
Alverstone returned goods with a selling price of $ and a cost of $ The
goods are restored to inventory.
Received the correct payment from Alverstone Company.
Brimmes has a clearance sale and sells $ of goods to Lincoln Liquidators, FOB
shipping point. Brimmes specifies that no returns will be allowed for this sale, but
offers Lincoln terms of The goods cost Brimmes $
The correct company pays freight charges of $
Received the correct payment from Lincoln Liquidators.
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