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On August 8. 20xx, Alonzo Trading purchased merchandise with a list price of P1,400,000.00 2 b. Trade Discount 20 % 15% 10% 5% 25 %
On August 8. 20xx, Alonzo Trading purchased merchandise with a list price of P1,400,000.00 2 b. Trade Discount 20 % 15% 10% 5% 25 % Credit Terms cash on delivery (C.O.D.) 2/10; n/30 3/10: n/30 5/10, n/30 n/30 Date Paid Aug 8, 20xx Aug 17, 20xx Aug 18, 20xx Aug 20, 20xx Sept 7, 20xx C d. CD e Required For each trade discount / credit terms, determine the following: 1. the amount recorded as purchases 2. the amount of cash paid
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