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Information related to Flint Co. is presented below. 1. On April 5, purchased merchandise on account from Metlock Company for $ 27,300, terms 2/10, net/30,
Information related to Flint Co. is presented below.
1. | On April 5, purchased merchandise on account from Metlock Company for $ 27,300, terms 2/10, net/30, FOB shipping point. | |
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2. | On April 6, paid freight costs of $ 830 on merchandise purchased from Metlock. | |
3. | On April 7, purchased equipment on account for $ 32,800. | |
4. | On April 8, returned damaged merchandise to Metlock Company and was granted a $ 6,900 credit for returned merchandise. | |
5. | On April 15, paid the amount due to Metlock Company in full. |
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