Question
On June 1, 2020, Bonita Industries sold merchandise with a list price of $74000 to Carla Vista on account. Bonita allowed trade discounts of 30%
On June 1, 2020, Bonita Industries sold merchandise with a list price of $74000 to Carla Vista on account. Bonita allowed trade discounts of 30% and 20%. Credit terms were 2/15, n/40 and the sale was made f.o.b. shipping point. Bonita prepaid $1000 of delivery costs for Carla Vista as an accommodation. On June 12, 2020, Bonita received from Carla Vista a remittance in full payment amounting to
| $42028. |
|
| $41611. |
|
| $41425. |
|
| $40611. |
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Montgomery Auditing Continuing Professional Education
Authors: Patrick J. McDonnell, Barry N. Winograd, James S. Gerson, Henry R. Jaenicke, Vincent M. O'Reilly
12th Edition
0471346055, 978-0471346050
