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On May 20, 2022, Berlin Trading Company purchased merchandise with a list price of Php 115,000 . The merchandise is subject to trade discounts of
On May 20, 2022, Berlin Trading Company purchased merchandise with a list price of Php 115,000 . The merchandise is subject to trade discounts of 15%,10%,5%, with credit terms of 2/10,n/30. Question 40 Berlin Trading Company will record the merchandise purchased on May 20 at PBlank 1. BI Question 41 The trade discount to be recorded in the books of the Company amounted to PBlank 1. BI. Question 42 The Company should pay on or before Blank 1 to avail of the cash discount. Follow this format in writing date: MONTH DAY, YEAR (e.g., June 14, 2019) Blank Question 43 Assuming that Berlin Trading Company returned P5,076.25 worth of merchandise on May 25,2022 and paid the balance on May 30, 2022, Berlin Trading Company will pay an amount equal to PBlank 1
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