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On July 14, 2018 , Amazing Sound , Inc., sold $ 3,300 of inventory (cost is $ 1,480 ) on account to one of its
On July 14, 2018 , Amazing Sound , Inc., sold $ 3,300 of inventory (cost is $ 1,480 ) on account to one of its customers. The terms were 2 /10, n/30, FOB destination. On July 16, Amazing Sound , Inc., paid freight charges of $ 195 related to the delivery of the goods sold on July 14. On July 20, $ 600 of goods (cost is $ 200 ) were returned by the customer. On July 23, Amazing Sound , Inc., received payment in full from the customer.
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