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Hello. I'm stuck on requirement 2 can you help me More Info Hampton buys $23,500 worth of inventory on account with credit terms of 1/15,
Hello. I'm stuck on requirement 2 can you help me
More Info Hampton buys $23,500 worth of inventory on account with credit terms of 1/15, Feb. 2 n/60, FOB shipping point. Feb. 5 Hampton pays a $50 freight charge. Feb. 8 Hampton returns $6,000 of the merchandise due to damage during shipment. Feb. 14 Hampton paid the amount due, less return and discount Print Done Feb. 14: Hampton paid the amount due, less return and discount. Date Accounts Debit Credit Feb. 14 17,500 Accounts Payable Merchandise Inventory 175 Cash 17.325 Requirement 2. In the final analysis, how much did the inventory cust Hampton? The inventory cost for Hampton isStep by Step Solution
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