Question
Foster Company purchased goods with the following terms and details? Sales price, $6,000 Terms, 4/10, n/30 Date of sale, December 2 Date of payment, December
Foster Company purchased goods with the following terms and details?
Sales price, $6,000
Terms, 4/10, n/30
Date of sale, December 2
Date of payment, December 13
Returns and allowances (before payment), $400
Shipping,FOB Shipping Point, $245, prepaid by seller
Required:
Compute the amount that Foster Company has to pay to the seller for the goods.
Amount that is paid to the seller:$
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Cornerstones of Financial and Managerial Accounting
Authors: Rich Jones, Mowen, Hansen, Heitger
1st Edition
