Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 08, 2024

On December 1, TRES Company sells $3,000 of merchandise on account to QUATRO with credit terms of 2/10, net/30. Two days after, the buyer returned

image text in transcribed

On December 1, TRES Company sells $3,000 of merchandise on account to QUATRO with credit terms of 2/10, net/30. Two days after, the buyer returned P500 worth of merchandise due to defects. How much should Quatro remit to Tres on December 12

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intermediate Microeconomics And Its Application

Authors: Walter Nicholson, Christopher M. Snyder

13th Edition

0357133064, 978-0357133064

More Books

Students also viewed these Accounting questions

Question

★★★★★

Why is $10,000 a close approximation of the price of an annuity that pays $1,000 each year for 30 years at 10 percent annual interest?

Answered: 1 week ago

Question

★★★★★

Budget Practice Problem 1. Royal Company is preparing budgets for the quarter ending June 30th 2. Budgeted sales for the next five months are: April May June July August 15,000 units 20,000 units...

Answered: 1 week ago

Question

★★★★★

How is ????0 different from ????0?

Answered: 1 week ago

Question

★★★★★

Cash CollectionsDirect Method Emily Enterprises comparative balance sheets included accounts receivable of $224,600 at December 31, 2009, and $205,700 at December 31, 2010. Sales reported on Emilys...

Answered: 1 week ago

Question

★★★★★

prepare production cost report using weighted average method and prepare journal entrys Fast Company produces its product through two processing departments: Cutting and Assembly. Information for the...

Answered: 1 week ago

Question

★★★★★

Xia Co. currently buys a component part for $9 per unit. Xia belleves that making the part would require $4.45 per unit of direct materials and $1.05 per unit of direct labor. Xia allocates overhead...

Answered: 1 week ago

Question

★★★★★

"Bathworks Company wants to estimate its ending inventory based on the following data: beginning inventory of $70,000, net sales revenue of $195,000, purchases of $140,000, and a normal gross margin...

Answered: 1 week ago

Question

★★★★★

what were behind the sad and beautiful stories of these establishments? when one fails in business, what was missing? what went wrong? when one succeeds, what are the trade secrets?

Answered: 1 week ago

Question

★★★★★

You are in the role of a hacker trying to break down a hash table. The information collected so far indicates the hash table uses Quadratic Probing with h(k, i) = ((k+12) mod m) for collision...

Answered: 1 week ago

Question

★★★★★

* Question Completion Status: Moving to the next question prevents changes to this answer. Question 14 Question 14 of 60 2 points Save Ansver TG Mining has 100 000 shares outstanding and just...

Answered: 1 week ago

Question

★★★★★

+ QUESTION 2: A. From the below information Calculate Working Capital. Debtors $ 55,000 Inventories $ 15,000 Accounts Payable $ 12,000 Cash $ 4,000 Accounts Receivable $ 8,000 Creditors $ 16,500...

Answered: 1 week ago

Question

★★★★★

3. To learn more about how emotions influence your thinking and behavior, complete each of the following sentences. Once you have completed them all, reflect on your written responses.

Answered: 1 week ago

Question

★★★★★

1. Is an office romance likely to affect the productivity of the two workers involved? Is it likely to affect the people who work with them?

Answered: 1 week ago

Question

★★★★★

b. Commission on sales. All employees would be given a 5 percent commission on all sales. Each salesperson would receive an hourly wage plus the commission.

Answered: 1 week ago

Previous Question Next Question