Question
On September 4th, Nemesis Sports buys merchandise on account from Nike for $1500, terms 2/10, n/30, FOB shipping point. Nemesis Sports pays freight charges of
On September 4th, Nemesis Sports buys merchandise on account from Nike for $1500, terms 2/10, n/30, FOB shipping point. Nemesis Sports pays freight charges of $75 on September 5th . On September 8th, Nemesis Sports returns $200 of the merchandise to Nike. On September 14th, Nemesis Sports pays the total amount owing. Record the transactions on Nemesis Sports books.
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Core Concepts Of Accounting
Authors: Leslie K. Breitner, Robert N. Anthony
10th Edition
0136029442, 9780136029441
