Question
On April 2, merchandise costing $15,400 reaches the retailer located in New Orleans, Louisiana. The invoice is dated March 22 and has terms of 8/10
On April 2, merchandise costing $15,400 reaches the retailer located in New Orleans, Louisiana. The invoice is dated March 22 and has terms of 8/10 EOM. The invoice is paid on April 10.
(a) How much should be remitted?
(b) If the merchandise is shipped FOB New Orleans, Louisiana, charges reversed, with transportation charges of $300, how much should be remitted?
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Advanced Accounting
Authors: Debra JeterJames Reeve, Jonathan Duchac, Horace Brock, Paul Chaney
4th Edition
0470506989, 978-0470506981
