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. On Jan 5, 2018, SE Inc. sold $5,000 of merchandise to WP Co., on terms 2/10 n 30. The goods cost $2,000. Jan 5,
. On Jan 5, 2018, SE Inc. sold $5,000 of merchandise to WP Co., on terms 2/10 n 30. The goods cost $2,000.
Jan 5, 2018 |
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Q8b. On Feb 10, 2018, AP Inc, sold $74,000 of car parts to Maintenance Inc. To encourage sales AP offers rebates of 2% on purchases up to $60,000, and 3% on purchases above $60,000 if the customers purchases for the year exceed $200,000. Maintenance Inc. normally purchases over $300,000 worth of parts during a calendar year.
Feb 10 |
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