Question
On November 30, 20x1, Northup Co. consigned 90 freezers to Watson Co. for sale at 1,600 each and paid 1,200 in transportation costs. A report
On November 30, 20x1, Northup Co. consigned 90 freezers to Watson Co. for sale at 1,600 each and paid 1,200 in transportation costs. A report of sales was received on December 30, 20x1 from Watson reporting the sale of 20 freezers, together with a remittance that was net of the agreed 15% commission. How much should Northup recognize as sales revenue in November 30, 20x1?
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Accounting Volume 2
Authors: James Reeve, Jonathan Duchac, Sheila Elworthy, Carl S. Warren
2nd Canadian edition
176501452, 978-0176501457, 978-0176509743
