Question
On October 15 your business sold inventory worth $18000 to a customer for $40000. You shipped it FOB shipping point and the terms were 2/10,n/30.
On October 15 your business sold inventory worth $18000 to a customer for $40000. You shipped it FOB shipping point and the terms were 2/10,n/30. The next day, the appropriate party paid the freight company $600. Four days later the customer returned 25% of his order. You received payment on October 24. How much did the customer pay you
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Managerial Accounting
Authors: Susan V Crosson, Belverd E Needles
9th Edition
0538742801, 9780538742801
