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Cox Company purchased goods with the following terms and details: Sales price, $10,000 Terms, 3/10, n/30 Date of sale, October 5 Date of payment, October
Cox Company purchased goods with the following terms and details: Sales price, $10,000 Terms, 3/10, n/30 Date of sale, October 5 Date of payment, October 16 Returns and allowances (before payment), $1,300 Shipping, FOB Shipping Point, $125, prepaid by seller Required: Compute the amount that Cox Company has to pay to the seller for the goods
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Managerial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
10th Edition
B010IKDQZM
