Question
On June 1, 2017, Georgia Corp. sold merchandise with a list price of $70,000 to Alabama Corp. on account. Georgia Corp. allowed trade discounts of
On June 1, 2017, Georgia Corp. sold merchandise with a list price of $70,000 to Alabama Corp. on account. Georgia Corp. allowed trade discounts of 30% and 20%. Credit terms were 2/15, n/40 and the sale was made f.o.b. shipping point. Georgia prepaid $1,000 of delivery costs for Alabama Corp. as an accommodation. On June 12, 2017, Georgia Corp. received from Alabama corp. a remittance in full payment amounting to
| $39,788 | |
| $38,416 | |
| $39,186 | |
| $39,416 |
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A Comprehensive Guide To Information Security Management And Audit
Authors: Rajkumar Banoth, Gugulothu Narsimha, Aruna Kranthi Godishala
1st Edition
1032344431, 978-1032344430
