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Hale Company sold merchandise on account for P1,500 to Kear Company with credit terms of 2/10, n/30. Freight-out paid for by Hale is P200.
Hale Company sold merchandise on account for P1,500 to Kear Company with credit terms of 2/10, n/30. Freight-out paid for by Hale is P200. Kear Company returned P300 of merchandise that was damaged, along with a check to settle the account within the discount period. What was the amount of the check?
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1 Determine the net amount of the merchandise purchased by Kear Comp...
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Principles of Financial Accounting chapters 1-17
Authors: John Wild, Ken Shaw, Barbara Chiappetta
23rd edition
1259687740, 1259687747, 978-1259687747
