Question
On January 1, 2019, Suit Company purchased a machine with a list price of $18,000, which was invoiced at $15,000 (terms 3/15, n/60, FOB destination).
On January 1, 2019, Suit Company purchased a machine with a list price of $18,000, which was invoiced at $15,000 (terms 3/15, n/60, FOB destination). The invoice was paid within the discount period. The seller incurred an expense of $500 to ship the machine, and Suit Company incurred $350 in installation costs. The cost of the machine is:
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Trust Me Im Almost An Auditor
Authors: Lily Hazelwood
1st Edition
1791960405, 978-1791960407
