Question
Merchandise is sold on account to a customer for $ 24000, terms FOB shipping point, 2/10, n/30. The seller paid the freight of $ 425.
Merchandise is sold on account to a customer for $ 24000, terms FOB shipping point, 2/10, n/30. The seller paid the freight of $ 425. Determine the following:
a. Amount of the sale $ _______
b. Amount debited to Accounts Receivable $ ______
c. Amount of the discount for early payment $ ______
d. Amount due within the discount period & _______.
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Auditing A Complete Guide Practical Tools For Self Assessment
Authors: Gerardus Blokdyk
1st Edition
0655424571, 978-0655424574
